Republic of Serbia: Financial Sector Assessment Program Update: Detailed Assessment of Basel Core Principles for Effective Banking Supervision

International Monetary Fund

No 2010/148, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the Detailed Assessment of Basel Core Principles (BCPs) for Effective Banking Supervision on the Republic of Serbia. The assessment reveals that Serbia has made considerable progress toward enhanced compliance with the BCPs and with international standards. A major overhaul of the legal framework—the enactment of the new laws on banks in 2005 and the issuance of new regulations—has provided the basis for this improvement, which are reflected in upgraded scores for a considerable number of BCPs.

Keywords: ISCR; CR; credit risk; risk profile; NBS regulation; NBS give priority; NBS inspector; NBS staff; parent bank; requirements NBS monitors banks' exposure; country risk; interest rate; NBS-staff members; NBS management; reporting requirements; banking law; NBS issues regulation; Bank legislation; Market risk; Operational risk; Basel Core Principles; Bank supervision; Global (search for similar items in EconPapers)
Pages: 49
Date: 2010-05-27
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