Slovenia: Technical Assistance Report-Bank Intervention and Resolution and the Deposit Guarantee System
International Monetary Fund
No 2015/292, IMF Staff Country Reports from International Monetary Fund
Abstract:
This Technical Assistance Report assesses the bank resolution framework and deposit guarantee system in Slovenia. There are three necessary requirements for effective bank resolution: (1) a special bank resolution regime, (2) advance preparation for bank intervention and resolution, and (3) an adequately funded Deposit Guarantee Scheme (DGS). Slovenia’s banking law provides for the first, while the recommendation to create a Resolution Unit within Bank of Slovenia has been adopted. The extant DGS, however, is an ex post funded scheme that does not fulfill the third criteria. Slovenia must implement the European Union Deposit Guarantee Scheme Directive into national law, which calls for an ex ante funded DGS.
Keywords: ISCR; CR; bank; deposit; Bos; authority; resolution tool; bank intervention; bank resolution; license revocation; borrowed bank contribution; IT system; bank Resolution authority; insolvent bank; liquidation process; banking law; bank supervision; bank liquidation; Bank resolution; Bank liquidation; Bank resolution framework; Deposit insurance; Bank deposits; Global (search for similar items in EconPapers)
Pages: 39
Date: 2015-10-27
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