CBBH Governor at DDays Conference on Key Reforms of the Financial System in Bosnia and Herzegovina

The Governor of the Central Bank of Bosnia and Herzegovina, Jasmina Selimović, Ph.D. opened the Fifth DDays Conference entitled “The Impact of Current Changes in the Regulatory Framework and Global Geopolitical Trends on the Operations of the Banking and Microcredit Sector”.

The conference brought together experts from the financial sector to discuss key topics shaping banking and microcredit operations, with a special focus on the impact of global trends and regulatory changes on the domestic market.

After the opening ceremony, Governor Selimović participated in a live interview, during which she spoke about improving the financial framework in line with European standards, modernizing payment systems through the SEPA and TIPS projects, the importance of financial literacy, and the strategic development of the Central Bank of Bosnia and Herzegovina.

"By joining the SEPA area, Bosnia and Herzegovina would make a significant step towards improving conditions for citizens, businesses and the diaspora. Lower fees for cross-border transactions in euros, greater market integration and cost reduction would contribute to improving living standards and strengthening competitiveness on the international stage. In parallel, the approval of the European Central Bank for the implementation of the 'TIPS Clone' platform for the Western Balkan countries, being developed by the Bank of Italy, is of great importance. This platform represents a key step towards establishing an efficient domestic instant payment system, with the possibility of connecting to the European TIPS infrastructure when the conditions are met. These initiatives are an integral part of the broader digital transformation strategy that the Central Bank of Bosnia and Herzegovina is implementing with the aim of modernizing the financial system and strengthening the financial inclusion of citizens through continuous education and technological progress," the Governor emphasized.

As part of the conference, the Vice Governor of the Central Bank of Bosnia and Herzegovina, Emir Kurtić, Ph.D. participated in the panel “Digitalization of the financial sector – never ending story!”, where he spoke about the importance of digital transformation and emphasized that the CBBH has clearly set the goal of modernization and digitalization of the financial system in its Strategic plan.

“Significant progress has been made in this area, in previous years – both in the development of new digital services and in strengthening the infrastructure that supports digital financial flows. The CBBH will continue to invest efforts in strengthening the security, availability and interoperability of digital solutions,” said Kurtić.

Vice Governor Marko Vidaković, M.Sc. participated in the panel “Regulators’ Panel – Current Status and Plans for Improving the Regulatory Framework of the Financial Sector”, where panellists presented the challenges in the implementation of the existing legal solutions and plans for their improvement.

“The focus of regulators must be the balance between the stability of the financial system and the creation of an environment that encourages innovation and competitiveness. Our goal is a regulatory framework that is clear, applicable and aligned with the best practices of the European Union, while at the same time adapted to the specificities of our market,” emphasized Vice Governor Vidaković.