The National Bank of Serbia (NBS) has released a draft of proposed amendments to the Banking Law, inviting citizens, industry experts, and other stakeholders to provide feedback through a public consultation period ending September 16.
According to the central bank, the primary aim of these amendments is to further strengthen the regulatory framework for banking operations. This includes enhancements in corporate governance, risk management, internal capital and liquidity adequacy assessments, and data disclosure practices. The amendments also introduce a new supervisory tool, known as “hidden control,” to improve oversight of banking operations and consumer protection. Additionally, the draft includes the establishment of a supervisory agreement within the control process and clarification of supervisory assessment procedures.
Another significant change is the improvement of the legal framework for bank restructuring through the creation of a Bank Restructuring Fund. This fund is expected to provide direct financial resources from bank contributions to support potential restructuring efforts, thereby reducing the risk of using taxpayer money for such purposes, as reported by Tanjug.
