Serbia Financial Sector Assessment Program Update : Deposit Insurance
This note focuses on the deposit insurance scheme. An analysis of the Deposit Insurance Agency (DIA) is provided to the extent that it is relevant to the management of the deposit insurance scheme and no detail analysis of the other functions perfo...
| Main Authors: | , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/634351468116045260/Serbia-Deposit-insurance-technical-note http://hdl.handle.net/10986/28076 |
| Summary: | This note focuses on the deposit
insurance scheme. An analysis of the Deposit Insurance
Agency (DIA) is provided to the extent that it is relevant
to the management of the deposit insurance scheme and no
detail analysis of the other functions performed by the DIA,
e.g. bank resolution, is included. Policy recommendations on
the bank resolution are included in the Aide Memoire. DIA
revenue sources are volatile and Deposit Insurance Fund
(DIF) related revenues are used to subsidize non-DIF related
activities. The legal framework is ambiguous as to whether
DIF resources can be used to cover running costs of the DIA.
To improve transparency and ensure sustainability of the
DIF, the legal framework should be amended to clarify the
use of DIF resources and cap use for operating costs. The
authorities should develop a medium term strategy for the
DIA, including a funding strategy for non-DIF related activities |
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