other supervisory authorities includes also structural changes which will impact the financial system and the whole economy. these changes will challenge us in carrying out our fundamental missions, in terms of financial stability, price stability or financial inclusion. in south east europe, our financial institutions are at early stages of developing a strategic perspective and in the first steps of implementing green finance. while capacities and the taxonomy in green finance are developing quickly, still there are many gaps which call for a prudential coordination, iterative adoption and continuous learning. ladies and gentlemen, climate change is an undeniable reality, and despite the fact that albania contributes in a limited way to the global greenhouse emissions, these latter's consequences have started to provide their effects in our country as well. climate change is challenging our economy at all levels, from large businesses to simple households, by affecting all economic actors, across all sectors and throughout the territory of albania. this great challenge requires a joint and coordinated response from all stakeholders of the economy, including the bank of albania. the financial sector plays a key role in relation to climate change, which has a high cost and a complex nature. climate change a source of risk to financial institutions, though on the other hand, there is no sustainable development without a sustainable financing. in this context, banking sector may take a leading role for companies operating in albania. it means both " channelling of funds " and " education of clients " to develop business and investment models, which are more friendly towards the environment and more resilient to environmental and climate risks. the bank of albania, as a public institution, is devoted to understand and address the economic and financial consequences of climate change and the transition to a net - zero emissions economy. we are working on the adaption of our regulatory framework and policies to these changes. sharing of knowledge, practices, discussions, staff training and public education are crucial in this process, and the bank of albania will continue provide sufficient sources to the study and modelling of climate effects on both price and financial stability. in the last years, we have undertaken concrete steps to address various climate change - related issues and to promote green finance. since 2018, we have started a comprehensive process for the modernisation and digitalisation of payment market, aimed at bolstering financial inclusion and using electronic payments in the albanian economy, in turn contributing in green finance. in the field of climate change we have expanded our analytical capacities. in addition, we have contributed in providing analyses and researches on climate -

caroline abel : counterfeit banknote detection remarks by ms caroline abel, governor of central bank of seychelles, at the counterfeit banknote detection seminar, mahe, 7 october 2019. * * * esteemed facilitators from de la rue, seminar participants representing various stakeholder organisations, central bank colleagues, good afternoon, on behalf of the central bank of seychelles, it is a pleasure for me to welcome you to this fourday seminar on counterfeit banknote detection. i would like to take this opportunity to thank our partners from de la rue, a company having extensive knowledge and expertise on the subject matter, for joining us in this endeavour. i am equally delighted that our local stakeholders have responded positively to be part of this knowledge sharing experience. currency counterfeiting is a long - standing and global phenomenon, and seychelles has also recorded its share of reports on the circulation of forged banknotes over the years. as the sole authority that issues banknotes in seychelles, the central bank has taken steps to prevent counterfeiting and maintain public confidence in our local currency. as recently as 2016, we issued a new family of banknotes into circulation, embedded with new and improved security features. nevertheless, we are mindful that there is a need to be more vigilant and proactive, as counterfeiters are also keeping pace with new technologies for their criminal activities. it is for this reason that i commend the initiative of the banking services division, through its currency function, for putting together this multistakeholder seminar to stimulate discussion and engagement on this important subject. the issue of counterfeiting should be a matter of concern not only for us as the currency issuing agent, but also for the commercial banks, other financial institutions, as well as other partners, such as the law enforcement and regulatory authorities, and the public at large. the ability for criminals to gain access to equipment that can produce counterfeit banknotes – including the ability to replicate the security features, as well as difficulties relating to investigation of counterfeiting activities, are but some of the challenges with which we are currently faced. i am hopeful that the seminar will not only highlight the extent of the counterfeiting problem globally and in seychelles, but also create a platform for the sharing of ideas and expertise on how to tackle such challenges. while it is important to keep abreast of developments with regards to enhancing the security features of banknotes and attempts by criminals to forge currencies, it is equally