## Republic of Serbia: Financial Sector Assessment Program Update: Technical Note on Crisis Management Framework

_IMF Staff Country Reports, May 27, 2010_

## Source details

**Canonical URL:** [Republic of Serbia: Financial Sector Assessment Program Update: Technical Note on Crisis Management Framework](https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-serbia-financial-sector-assessment-program-update-technical-note-on-crisis-23912)

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## Bibliographic details
- Published: May 27, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455205660.002

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### 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

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-serbia-financial-sector-assessment-program-update-technical-note-on-crisis-23912_