Serbia Financial Sector Assessment Program Update

This note focuses on the deposit insurance scheme. An analysis of the Deposit Insurance Agency (DIA) is provided to the extent that it is relevant to the management of the deposit insurance scheme and no detail analysis of the other functions performed by the DIA, e.g. bank resolution, is included. Policy recommendations on the bank resolution are included in the Aide Memoire. DIA revenue sources are volatile and Deposit Insurance Fund (DIF) related revenues are used to subsidize non-DIF related activities. The legal framework is ambiguous as to whether DIF resources can be used to cover running costs of the DIA. To improve transparency and ensure sustainability of the DIF, the legal framework should be amended to clarify the use of DIF resources and cap use for operating costs. The authorities should develop a medium term strategy for the DIA, including a funding strategy for non-DIF related activities

Bibliographic Details

Main Authors:	International Monetary Fund, World Bank
Format:	Report biblioteca
Language:	English en_US
Published:	Washington, DC 2009-10
Subjects:	ACCOUNTING, ACCURATE INFORMATION, ADMINISTRATIVE PROCEDURES, ASSOCIATION OF DEPOSIT INSURERS, AUDITORS, BANK ASSETS, BANK BANKRUPTCY, BANK BRANCHES, BANK CLOSURE, BANK FAILURE, BANK FAILURES, BANK LIABILITIES, BANK REHABILITATION, BANKING CRISIS, BANKING SECTOR, BANKING SECTOR STABILITY, BANKING SYSTEM, BANKRUPTCY, BANKRUPTCY ADMINISTRATION, BLANKET GUARANTEE, BLANKET GUARANTEES, BONDS, BORROWING, BORROWINGS, CAPITAL MARKETS, CATEGORIES OF DEPOSITS, CENTRAL BANKS, CLAIM, CLOSED BANK, CLOSED BANKS, CONFLICTS OF INTEREST, CORPORATE GOVERNANCE, COST OF DEPOSIT INSURANCE, COVERAGE LEVEL, COVERAGE LIMIT, COVERAGE LIMITS, COVERAGE RATIO, CREDIBILITY, CREDITORS, CRIMINAL LIABILITY, DEBT, DEPOSIT, DEPOSIT GUARANTEE, DEPOSIT GUARANTEE SCHEMES, DEPOSIT INSURANCE, DEPOSIT INSURANCE AGENCY, DEPOSIT INSURANCE FUND, DEPOSIT INSURANCE SCHEME, DEPOSIT INSURANCE SCHEMES, DEPOSIT INSURANCE SYSTEM, DEPOSIT INSURANCE SYSTEM DESIGN, DEPOSIT INSURANCE SYSTEMS, DEPOSIT INSURER, DEPOSITOR, DEPOSITORS, DEPOSITORS OF BANK, DEPOSITORS OF BANKS, DEPOSITS, DEPOSITS OF BANK, DEPOSITS OF BANKS, DOMESTIC CURRENCY, ECONOMIC SITUATION, EFFECTIVE DEPOSIT INSURANCE, ELIGIBLE DEPOSITS, EMPLOYEE, EMPLOYMENT, EMPLOYMENT CONTRACTS, ENTREPRENEURS, EQUIPMENT, ESTATE, EXCESSIVE RISK, EXCESSIVE RISK TAKING, EXCHANGE COMMISSION, EXCLUSION, EXCLUSION OF DEPOSITS, EXCLUSIONS, FAILURE RESOLUTION, FINANCIAL DIFFICULTY, FINANCIAL INSTITUTIONS, FINANCIAL RESOURCES, FINANCIAL SAFETY, FINANCIAL SAFETY NET, FINANCIAL SECTOR ASSESSMENT, FINANCIAL SYSTEM, FOREIGN BANKS, FUNDING SOURCES, GOOD FAITH, GOVERNANCE STANDARDS, GOVERNMENT GRANT, GOVERNMENT GUARANTEE, GOVERNMENT SUPPORT, GRANT FUNDING, GUARANTEE FOR DEPOSITORS, HOUSEHOLDS, INDEMNIFICATION, INFORMATION SHARING, INSTITUTIONAL DEVELOPMENT, INSURABLE DEPOSIT, INSURANCE AGENCIES, INSURED BANKS, INSURED DEPOSITORS, INSURED DEPOSITS, INTERNATIONAL BANK, INVESTING, JURISDICTIONS, LAW ON DEPOSIT INSURANCE, LAWS, LEGAL ACTIONS, LEGAL FRAMEWORK, LEGAL OWNERSHIP, LEGAL PROCEEDINGS, LEGAL PROTECTION, LEGAL RIGHT, LEGAL SYSTEM, LEGISLATION, LEVEL OF COVERAGE, LEVEL OF DEPOSIT, LEVEL OF DEPOSIT INSURANCE, LEVEL OF RISK, LEVIES, LEVY, LIABILITY, LIMITED COVERAGE, LINE OF CREDIT, LINES OF CREDIT, LIQUID ASSETS, LIQUIDATION, LIQUIDATION OF BANKS, LIQUIDATOR, LIQUIDITY, LOAN, LONDON CLUB, MANDATE, MANDATES, MARKET PARTICIPANTS, MONETARY FUND, MORAL HAZARD, NATIONAL BANK, NEGOTIATIONS, OBJECTIVES FOR DEPOSIT INSURANCE, OBLIGATIONS TO DEPOSITORS, OPEN BANKS, OPERATING COSTS, OPERATING EXPENSES, OPERATIONAL INDEPENDENCE, ORDER OF PRIORITY, PRIVATE BANKS, PRUDENTIAL REGULATION, PRUDENTIAL REGULATIONS, PUBLIC INFORMATION, PUBLIC POLICY, RESERVES, REVENUE SOURCES, RISK ASSESSMENT, RISK ASSESSMENT CAPACITY, RISK LEVEL, RISK LEVELS, RISK MANAGEMENT, SECURITIES, SETTLEMENT, SMALL BUSINESS, SOPHISTICATED DEPOSITORS, SOURCE OF INFORMATION, SOURCES OF FUNDS, SUPERVISORY AUTHORITY, SUPERVISORY BOARD, SYSTEMIC CRISES, SYSTEMIC CRISIS, TRANSPARENCY, WITHDRAWAL,
Online Access:	http://documents.worldbank.org/curated/en/634351468116045260/Serbia-Deposit-insurance-technical-note https://hdl.handle.net/10986/28076
Tags:	Add Tag No Tags, Be the first to tag this record!