Republic of Belarus - Deposit Insurance : Technical Note
The current system of deposit insurance is governed by two different pieces of legislation, each in turn elaborated by a separate National Bank of Belarus (NBB) resolution. The two legislations cover foreign exchange accounts in state owned banks and all other accounts, respectively. The first legislation was the presidential decree of April 20, 1998, which established full coverage for foreign exchange accounts in six state banks. The second legislation is Article 121 of the Banking Code which is the legal basis for coverage for all other deposits and which became effective October 12, 2000. The deposit insurance system is currently characterized by preferential treatment of the authorized banks and in particular Belarusbank and Belagroprombank.
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| Format: | Brief biblioteca |
| Language: | English en_US |
| Published: |
Washington, DC : World Bank
2006-01
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| Subjects: | DEPOSIT INSURANCE, LEGISLATIONS, FOREIGN EXCHANGE ACCOUNTS, PREFERENTIAL TREATMENT, DRAFT LAW, STATE-OWNED BANKS, PRIVATELY OWNED BANKS, MANDATORY MEMBERSHIP, EQUAL TREATMENT, MARKET DISCIPLINE, FINANCIAL FRAGILITY, SUPERVISION SYSTEM, LIMITED COVERAGE, |
| Online Access: | http://documents.worldbank.org/curated/en/355531468014418652/Belarus-Deposit-insurance-technical-note http://hdl.handle.net/10986/37384 |
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| Summary: | The current system of deposit insurance
is governed by two different pieces of legislation, each in
turn elaborated by a separate National Bank of Belarus (NBB)
resolution. The two legislations cover foreign exchange
accounts in state owned banks and all other accounts,
respectively. The first legislation was the presidential
decree of April 20, 1998, which established full coverage
for foreign exchange accounts in six state banks. The second
legislation is Article 121 of the Banking Code which is the
legal basis for coverage for all other deposits and which
became effective October 12, 2000. The deposit insurance
system is currently characterized by preferential treatment
of the authorized banks and in particular Belarusbank and Belagroprombank. |
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