Regulation and Supervision of the Banking System of the Republic of Srpska
Journal Title: Godisnjak Fakulteta pravnih nauka - Year 2015, Vol 5, Issue 5
Abstract
Development of the modern banking system in the market economy, liberalization and deregulated economy are created to remove barriers and unlimited flow of the capital. A safety regulation in that process has to play special factor. Determinations of the safety regulation to act as ultimate goal to establish and maintain security and stability of the banking system, as addition to establishing minimum standards on particular elements of foundation and operation of banking system, particularly the important role has to be assigned to supervisor. Supervisor is a separate institution with clearly defined authority in the process of performing continually supervision in the order to control guidance and improve the entire banking system. In addition to continuous monitoring and the controlling of the banking system supervisor, the importance of the internal control system is to be highlighted specially enfolded with internal and external audit. In the Republic of Srpska safety regulations are based on the Law on Banking Agency of Republic of Srpska, Law on Banks of the Republic Srpska and the other laws financial institutions that structure the banking system of the Republic of Srpska. Distinct importance in the context of the safety is context of regulation are implementing of the Banking Agency of the Republic of Srpska and Board of Directors of the Agency stipulating: the minimum standards and criteria for the establishment of banks, the minimum standards for the bank capital management and capital protection, monitoring of the market, the operational and credit risk, minimum standards for the bank liquidity management, reporting financial operations, the applications of international accounting standards, including minimum standards of the internal control systems, internal and external audit system. Supervision of the banking system in the Republic of Srpska is performed the Banking Agency of Republic of Srpska, in according to the methodology: perpetual monitoring reports, information and data on the state in banking system, direct review of accounting books, accountancy and other documents recorded in the bank customers by ranking indicators of bank performance and by comparison with the minimum, average domestic and cross-border well-known, standards.
Authors and Affiliations
Zorica Drljača
Keywords
Related Articles
- EP ID EP342465
- DOI -
- Views 78
- Downloads 0
Infrastruktura tržišta kapitala Republike Srpske - Infrastructure of the Capital Market in the Republic of Srpska
The regulation of the capital market in the Republika Srpska is based on the objectives and principles of the International Organization of Security Commissions and requirements of European integration. In this regard, a...
Odgovornost pravnih lica za prekršaj-Misdemeanor Liability of Legal Entities
According to the provisions of the newest Law on Misdemeanors of the Republic of Srpska, for misdemeanor offence the following categories of rights holders can be held responsible: physical body, (independent) entreprene...
Odgovornost pravnih lica za sva ili samo za određena krivična djela? - Responsibility of Legal Entities for all or for Certain Criminal Acts?
Court practice and illustrative examples of the legislator’s negligence in passing the appropriate laws and bylaws provisions point that, in Bosnia and Herzegovina, the most acceptable would be separation of the criminal...
Stečaj fizičkih lica - Bankruptcy of Natural Persons
The bankruptcy of natural persons or personal bankruptcy differs from the bankruptcy of companies. The two most important elements of personal bankruptcy are the personal management and the exemption of the remaining deb...
Critique of two decicions of Constitutional Court of the Republic of Srpska
The subject of this paper are two decisions of Constitutional Court of the Republic of Srpska which set in motion not only the question of constitutionality of one statute from the area of social insurance, but the quest...