Investor Presentaiton
Andbank Investor 2020
Regulatory developments
Banking
Key developments in banking regulation:
•
•
Implementation of MiFID principles in Andorran regulation
Implementation of Basel III principles in Andorran
regulation: CRD IV in place
Re-enforcements of Human Resources in all of the
Regulatory Institutions.
וחו
CRD IV, Banking regulation
Insurance
ANDBANK
Private Bankers
Key developments in insurance regulation in place:
New Insurance Distribution Law
•
New Insurance Regulation Law
•
New Pension Funds Law
Inclusion of the insurance sector under the supervision of the
Andorran Regulator
November 2018 a new Law has been approved in the Parliament in order to implement
the European CRD IV legislation
EV
Out of the Grey List
Andorra is out of the Ecofin Grey List since late 2018
SEPA
5/0
IMF Membership
EU Partnership Agreement
March 2019 Andorra has gained direct access to the European System of Payments,
SEPA
January 2020 Andorra has formally applied for IMF Membership
Andorra is currently negotiating a Partnership Agreement with the EU similar to those of
Norway or Switzerland.
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