Republic of Serbia: Financial Sector Assessment Program Update: Technical Note on Deposit Insurance
May 27, 2010
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This Technical Note discusses key findings of the assessment of deposit insurance in Serbia. The deposit insurance scheme is managed by the deposit insurance agency (DIA), which has a multi-faceted mandate. Consequently, few DIA staff is actively involved in the core mandate of deposit insurance fund (DIF) management. DIA revenue sources are volatile, and DIF related revenues are used to subsidize non-DIF related activities. To improve transparency and ensure sustainability of the DIF, the legal framework should be amended to clarify the use of DIF resources and cap the use for operating costs.
Subject: Bank resolution, Banking, Commercial banks, Deposit insurance, Financial crises, Financial institutions, Legal support in revenue administration, Revenue administration, Systemic crises
Keywords: bank, Bank resolution, bank resolution framework, Commercial banks, CR, deposit, Deposit insurance, depositor, DIA law, DIA revenue, DIF coverage, DIF law, DIF resource, ISCR, Legal support in revenue administration, liquidated bank, Systemic crises
Pages:
18
Volume:
2010
DOI:
Issue:
151
Series:
Country Report No. 2010/151
Stock No:
1SRBEA2010007
ISBN:
9781455205677
ISSN:
1934-7685
