Committees

Committee on Operational Risk Management (CORM) 

Audit Committee (AC)

Assets and Liabilities Management Committee of the National Bank (ALMC)

Crisis Committee (CC)

European Integration Committee (EIC)

Assets and Liabilities Management Committee of the National Bank

The Assets and Liabilities Management Committee of the National Bank of the Republic of Macedonia (ALMC) is responsible for managing the assets and liabilities of the National Bank of the Republic of North Macedonia. ALMC monitors the movements in the balance sheet and income statement of the National Bank, reviews the draft financial statements of the National Bank, the draft financial plan, the draft investment plan and the draft public procurement plan and proposes changes and additions before they are submitted to the National Bank management. Other ALMC responsibilities include monitoring the implementation of the Financial Plan, the Investment Plan and the Public Procurement Plan, reviewing the status of court cases where the National Bank is a defendant or plaintiff, reviewing the draft report of the Central Inventory Commission and the proposal-decision on assets and liabilities inventory of the National Bank (regular and extraordinary inventory), and proposing amendments before submission to the National Bank management.

The Committee consists of National Bank employees with knowledge and experience in the subject matter and the competences of the Committee, determined by a decision made by the governor. The Committee meetings are presided over by the Committee President, and in the case of her/his absence, a person from among the Committee members, authorized by the President.

The committee holds meetings at least once a quarter.

Crisis Committee

The Crisis Committee (CC) is established for the purpose of organized and timely protection of people and material goods from the consequences of a crisis in the National Bank. In a crisis, the CC is the highest decision-making and management body in the National Bank, in terms of deciding on the implementation of crisis activities.

The CC responsibilities include declaring a crisis and end of a crisis, deciding on the implementation of crisis activities, reviewing reports of the crisis groups on the damage caused and the consequences of the crisis, signing agreements with third parties required for overcoming the crisis, approving tests and inspections of control systems for efficient application of the Business Continuity Policy and informing about crisis and cooperating with relevant crisis bodies of financial institutions or state authorities.

The CC is composed of a president and four members. The National Bank governor is the president of the CC. Deputies are appointed to the president and the members of the CC. The National Bank Council appoints the CC members and their deputies, on the proposal of the governor, for a period of four years.

CC operates in meetings that can be regular or extraordinary. CC meetings are held at least once a year. The CC president convenes and presides over the CC meetings.

European Integration Committee

The European Integration Committee (ECI) is a working body established by the National Bank Council, responsible for reviewing issues related to the European integration process. EIC informs the National Bank Council about its operations at least once a year.

In meetings, the EIC considers materials related to the European integration process, issues related to the preparation for participation in the strategic European integration processes, and the recommendations from the reports of the European institutions. Moreover, the EIC reviews all important documents before they are submitted to the competent institutions, defines views on the next stages of the European integration process and monitors the activities related to the recommendations.

The EIC consists of eight members: the Governor, who chairs the EIC, the Deputy Governors, the Chief Economist, the General Manager, the Secretary of the Bank and an adviser to the Governor from the Management Advisers Office. Depending on the materials for discussion, other National Bank experts may also participate in the EIC meetings.