Republic of Serbia: Financial Sector Assessment Program Update: Technical Note on Deposit Insurance

International Monetary Fund

No 2010/151, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Note discusses key findings of the assessment of deposit insurance in Serbia. The deposit insurance scheme is managed by the deposit insurance agency (DIA), which has a multi-faceted mandate. Consequently, few DIA staff is actively involved in the core mandate of deposit insurance fund (DIF) management. DIA revenue sources are volatile, and DIF related revenues are used to subsidize non-DIF related activities. To improve transparency and ensure sustainability of the DIF, the legal framework should be amended to clarify the use of DIF resources and cap the use for operating costs.

Keywords: ISCR; CR; bank; depositor; deposit; DIA law; DIA revenue; DIF law; liquidated bank; DIF resource; bank resolution framework; DIF coverage; Deposit insurance; Bank resolution; Systemic crises; Legal support in revenue administration; Commercial banks (search for similar items in EconPapers)
Pages: 18
Date: 2010-05-27
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