Slovenia : Pilot Diagnostic Review of Governance of the Banking Sector

The financial crises of the late 1990s in East Asia and Eastern Europe, as well as the recent corporate governance scandals in Europe and America, have highlighted the need for strong corporate governance in ensuring a sound and stable financial sector. The governance practices of banks are important because banks accept deposits from the public, whose funds the government has an implicit (and often an explicit) obligation to protect. Banks are also subject to information asymmetries and high leverage, both of which make banks vulnerable to a sudden run on deposits where public confidence fails. The Slovenian bank governance review has three objectives to: 1) conduct a review of the Slovenian bank governance framework, 2) make recommendations on provisions that would help to strengthen the governance structure of banks in Slovenia, and 3) refine the good practices developed for the pilot banking governance review program. In addition, the international community has encouraged the strengthening of governance in the banking sector. The Slovenian banking sector has successfully weathered the financial crisis seen in other countries in 1997-1998, and has improved its stability. However some shortcomings in bank governance remain. The government remains the dominant owner of banks in Slovenia.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2008-02
Subjects:	ABUSE, ABUSES, ACCOUNTABILITY, ACCOUNTING, ACQUISITION, ACQUISITIONS, ARBITRAGE, ASSET MANAGEMENT, ASSETS, AUDIT COMMITTEE, AUDIT COMMITTEES, AUDITING, AUDITOR, AUDITS, BALANCE SHEET, BANK CREDIT, BANK FAILURES, BANK MANAGEMENT, BANK OF SLOVENIA, BANK SUPERVISORS, BANKING CRISES, BANKING LAW, BANKING LEGISLATION, BANKING REGULATION, BANKING SECTOR, BANKING SUPERVISION, BANKING SYSTEM, BANKRUPTCY, BANKS, BENEFICIAL OWNERS, BEST PRACTICE, BEST PRACTICES, BOARD MEETINGS, BOARD MEMBER, BOARD MEMBERS, BOARDS OF DIRECTORS, BONDS, BRANCH OFFICE, BRANCH OFFICES, BUSINESS ETHICS, BUSINESS RISKS, BUSINESS STRATEGY, CAPITAL ACCORDS, CAPITAL ADEQUACY, CAPITAL BASE, CAPITAL FUND, CAPITAL MARKETS, CAPITAL REQUIREMENTS, CAPITAL STANDARDS, CENTRAL BANK, CENTRAL BANK OF BOSNIA AND HERZEGOVINA, CEO, CHIEF EXECUTIVE, CHIEF FINANCIAL OFFICER, CLEARING CORPORATION, CODE OF CONDUCT, COLLAPSE, COLLECTIVE, COLLECTIVE INVESTMENT, COMMERCIAL TRANSACTIONS, COMPANIES ACT, COMPANY, COMPANY LAW, CONFIDENCE, CONFLICT OF INTEREST, CONFLICT OF INTERESTS, CONFLICTS OF INTEREST, CONTROLLING SHAREHOLDERS, CORPORATE GOVERNANCE, CORPORATE GOVERNANCE ARRANGEMENTS, CORPORATE GOVERNANCE CODE, CORPORATE GOVERNANCE FRAMEWORK, CORPORATE GOVERNANCE PRINCIPLES, CORPORATE GOVERNANCE STANDARDS, CORPORATION, CORPORATIONS, CREDIT INSTITUTIONS, CREDIT RISK, CREDIT-WORTHINESS, CRIMINAL, DEBT, DEPOSITARY RECEIPT, DEPOSITS, DIRECT ACCESS, DISCLOSURE DOCUMENTS, DOMESTIC BANKS, DUE CARE, ECONOMIC DEVELOPMENT, EMERGING MARKET, EMERGING MARKETS, EXCHANGE RATES, EXTERNAL AUDITORS, FACE VALUE, FIDUCIARY DUTIES, FIDUCIARY DUTY, FIDUCIARY OBLIGATION, FINANCIAL COMPANIES, FINANCIAL CONGLOMERATE, FINANCIAL CONGLOMERATES, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL DISCLOSURES, FINANCIAL INFORMATION, FINANCIAL INSTITUTIONS, FINANCIAL MARKET, FINANCIAL PERFORMANCE, FINANCIAL REPORTS, FINANCIAL SECTOR, FINANCIAL SECTOR DEVELOPMENT, FINANCIAL SERVICES, FINANCIAL STABILITY, FINANCIAL STATEMENTS, FINANCIAL SYSTEM, FINANCIAL SYSTEMS, FOREIGN BANK, FOREIGN BANKS, FOREIGN CURRENCY, FOREIGN EXCHANGE, FOREIGN EXCHANGE EXPOSURE, FOREIGN INVESTMENTS, FOREIGN OWNERSHIP, FRAUD, GLOBAL CAPITAL, GLOBAL CAPITAL MARKETS, GOOD CORPORATE GOVERNANCE, GOOD GOVERNANCE, GOVERNANCE GUIDELINES, GOVERNANCE PRACTICES, GOVERNANCE RESPONSIBILITIES, GOVERNANCE SYSTEMS, GOVERNMENT OWNERSHIP, GROSS DOMESTIC PRODUCT, HARMONIZATION, HOME BANKING, INCOME, INCOME SECURITIES, INCORPORATED, INDEPENDENT DIRECTOR, INDEPENDENT DIRECTORS, INDUSTRIAL COMPANIES, INFORMATION ASYMMETRIES, INSURANCE, INTEGRITY, INTEREST RATES, INTERNAL AUDITS, INTERNAL CONTROL, INTERNAL CONTROLS, INTERNATIONAL ACCOUNTING STANDARDS, INTERNATIONAL BEST PRACTICE, INTERNATIONAL STANDARDS, JURISDICTION, LARGE SHAREHOLDERS, LEGAL PROVISION, LEGISLATION, LIABILITY, LIMITED, LOCAL BANK, LOCAL LAWS, LONG-TERM INVESTMENTS, MAJOR SHAREHOLDER, MANAGERS, MARKET DISCIPLINE, MARKET PARTICIPANTS, MARKET SHARE, MARKET VALUE, MEMBER STATES, MINORITY SHAREHOLDER, MONEY LAUNDERING, OPERATIONAL RISK, OWNERSHIP STRUCTURE, OWNERSHIP STRUCTURES, PAYMENTS SYSTEM, PEER REVIEW, PENSION FUND, PERSONS, PRIVATE CORPORATIONS, PRIVATE PENSION, PRIVATE SECTOR DEVELOPMENT, PRIVATIZATION, PUBLIC POLICY, RATING AGENCIES, REGULATORY AGENCY, REPUTATION, RISK EXPOSURE, RISK EXPOSURES, RISK MANAGEMENT, RISK MANAGEMENT POLICIES, RISK MANAGEMENT POLICY, RISK MANAGEMENT SYSTEM, RISK MEASUREMENT, SAVINGS, SAVINGS BANKS, SCANDALS, SECURITIES, SECURITIES MARKETS, SECURITIES REGULATORS, SHAREHOLDER RIGHTS, SHAREHOLDERS, SMALL BANKS, STAKEHOLDERS, STOCK EXCHANGE, STOCK EXCHANGES, STRONG CORPORATE GOVERNANCE, STRONG GOVERNANCE, SUBSIDIARIES, SUBSIDIARY, SUPERVISORY AGENCIES, SUPERVISORY AGENCY, SUPERVISORY AUTHORITIES, SUPERVISORY BOARDS, TRANSPARENCY, UNION, VOLATILITY, WORLD DEVELOPMENT INDICATORS,
Online Access:	http://documents.worldbank.org/curated/en/2008/02/16465276/slovenia-pilot-diagnostic-review-governance-banking-sector https://hdl.handle.net/10986/12680
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