SEE region must face financial challenges together, says Macedonia deputy

maja-kadievska-vojnovikj

Ongoing international regulatory reform, "though primarily intended to promote financial stability", may also have unintended adverse effects on emerging and developing economies, including in South Eastern Europe (SEE), according to National Bank of the Republic of Macedonia deputy governor Maja Kadievska-Vojnovik.

Speaking last week at a regional summit of governors, bankers and businessmen in Belgrade, Kadievska-Vojnovik said subsidiaries of European banks account for 56% of banking system

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