Republic of Serbia: Financial Sector Assessment Program Update: Technical Note on Crisis Management Framework
IMF Staff Country Reports, May 27, 2010
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- Canonical URL
- Republic of Serbia: Financial Sector Assessment Program Update: Technical Note on Crisis Management Framework
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Bibliographic details
- Published: May 27, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455205660.002
Overview
- Reviews the crisis management framework in Serbia.
- Context: banking crisis in Serbia in late 2008 and early 2009 prompted a series of urgent measures to address stability concerns.
Key findings
- A banking crisis occurred in Serbia in late 2008 and early 2009, prompting urgent stability measures.
- Foreign banks play an important role in the Serbian market.
Principal recommendations
- Crisis management memoranda of understanding (MOUs) should be urgently developed with the most important home supervisors.
- Authorities should develop MOUs on crisis management with the home jurisdictions of the largest investors in the country, given the importance of foreign banks in the Serbian market.
Subject areas and keywords
- Subject: Bank resolution, Banking, Crisis management, Crisis management framework, Deposit insurance, Financial crises, Systemic crises
- Keywords: bank, bank collateral, Bank resolution, banks borrower, CR, Crisis management, Crisis management framework, deposit, financial crisis, Global, ISCR, NBS regulation, parent bank, Systemic crises, twenty-seven bank