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...
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| Format: | Report |
| Language: | English en_US |
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Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/634351468116045260/Serbia-Deposit-insurance-technical-note http://hdl.handle.net/10986/28076 |
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okr-10986-28076 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
| topic |
ACCOUNTING ACCURATE INFORMATION ADMINISTRATIVE PROCEDURES ASSOCIATION OF DEPOSIT INSURERS AUDITORS BANK ASSETS BANK BANKRUPTCY BANK BRANCHES BANK CLOSURE BANK FAILURE BANK FAILURES BANK LIABILITIES BANK REHABILITATION BANKING CRISIS BANKING SECTOR BANKING SECTOR STABILITY BANKING SYSTEM BANKRUPTCY BANKRUPTCY ADMINISTRATION BLANKET GUARANTEE BLANKET GUARANTEES BONDS BORROWING BORROWINGS CAPITAL MARKETS CATEGORIES OF DEPOSITS CENTRAL BANKS CLAIM CLOSED BANK CLOSED BANKS CONFLICTS OF INTEREST CORPORATE GOVERNANCE COST OF DEPOSIT INSURANCE COVERAGE LEVEL COVERAGE LIMIT COVERAGE LIMITS COVERAGE RATIO CREDIBILITY CREDITORS CRIMINAL LIABILITY DEBT DEPOSIT DEPOSIT GUARANTEE DEPOSIT GUARANTEE SCHEMES DEPOSIT INSURANCE DEPOSIT INSURANCE AGENCY DEPOSIT INSURANCE FUND DEPOSIT INSURANCE SCHEME DEPOSIT INSURANCE SCHEMES DEPOSIT INSURANCE SYSTEM DEPOSIT INSURANCE SYSTEM DESIGN DEPOSIT INSURANCE SYSTEMS DEPOSIT INSURER DEPOSITOR DEPOSITORS DEPOSITORS OF BANK DEPOSITORS OF BANKS DEPOSITS DEPOSITS OF BANK DEPOSITS OF BANKS DOMESTIC CURRENCY ECONOMIC SITUATION EFFECTIVE DEPOSIT INSURANCE ELIGIBLE DEPOSITS EMPLOYEE EMPLOYMENT EMPLOYMENT CONTRACTS ENTREPRENEURS EQUIPMENT ESTATE EXCESSIVE RISK EXCESSIVE RISK TAKING EXCHANGE COMMISSION EXCLUSION EXCLUSION OF DEPOSITS EXCLUSIONS FAILURE RESOLUTION FINANCIAL DIFFICULTY FINANCIAL INSTITUTIONS FINANCIAL RESOURCES FINANCIAL SAFETY FINANCIAL SAFETY NET FINANCIAL SECTOR ASSESSMENT FINANCIAL SYSTEM FOREIGN BANKS FUNDING SOURCES GOOD FAITH GOVERNANCE STANDARDS GOVERNMENT GRANT GOVERNMENT GUARANTEE GOVERNMENT SUPPORT GRANT FUNDING GUARANTEE FOR DEPOSITORS HOUSEHOLDS INDEMNIFICATION INFORMATION SHARING INSTITUTIONAL DEVELOPMENT INSURABLE DEPOSIT INSURANCE AGENCIES INSURED BANKS INSURED DEPOSITORS INSURED DEPOSITS INTERNATIONAL BANK INVESTING JURISDICTIONS LAW ON DEPOSIT INSURANCE LAWS LEGAL ACTIONS LEGAL FRAMEWORK LEGAL OWNERSHIP LEGAL PROCEEDINGS LEGAL PROTECTION LEGAL RIGHT LEGAL SYSTEM LEGISLATION LEVEL OF COVERAGE LEVEL OF DEPOSIT LEVEL OF DEPOSIT INSURANCE LEVEL OF RISK LEVIES LEVY LIABILITY LIMITED COVERAGE LINE OF CREDIT LINES OF CREDIT LIQUID ASSETS LIQUIDATION LIQUIDATION OF BANKS LIQUIDATOR LIQUIDITY LOAN LONDON CLUB MANDATE MANDATES MARKET PARTICIPANTS MONETARY FUND MORAL HAZARD NATIONAL BANK NEGOTIATIONS OBJECTIVES FOR DEPOSIT INSURANCE OBLIGATIONS TO DEPOSITORS OPEN BANKS OPERATING COSTS OPERATING EXPENSES OPERATIONAL INDEPENDENCE ORDER OF PRIORITY PRIVATE BANKS PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS PUBLIC INFORMATION PUBLIC POLICY RESERVES REVENUE SOURCES RISK ASSESSMENT RISK ASSESSMENT CAPACITY RISK LEVEL RISK LEVELS RISK MANAGEMENT SECURITIES SETTLEMENT SMALL BUSINESS SOPHISTICATED DEPOSITORS SOURCE OF INFORMATION SOURCES OF FUNDS SUPERVISORY AUTHORITY SUPERVISORY BOARD SYSTEMIC CRISES SYSTEMIC CRISIS TRANSPARENCY WITHDRAWAL |
| spellingShingle |
ACCOUNTING ACCURATE INFORMATION ADMINISTRATIVE PROCEDURES ASSOCIATION OF DEPOSIT INSURERS AUDITORS BANK ASSETS BANK BANKRUPTCY BANK BRANCHES BANK CLOSURE BANK FAILURE BANK FAILURES BANK LIABILITIES BANK REHABILITATION BANKING CRISIS BANKING SECTOR BANKING SECTOR STABILITY BANKING SYSTEM BANKRUPTCY BANKRUPTCY ADMINISTRATION BLANKET GUARANTEE BLANKET GUARANTEES BONDS BORROWING BORROWINGS CAPITAL MARKETS CATEGORIES OF DEPOSITS CENTRAL BANKS CLAIM CLOSED BANK CLOSED BANKS CONFLICTS OF INTEREST CORPORATE GOVERNANCE COST OF DEPOSIT INSURANCE COVERAGE LEVEL COVERAGE LIMIT COVERAGE LIMITS COVERAGE RATIO CREDIBILITY CREDITORS CRIMINAL LIABILITY DEBT DEPOSIT DEPOSIT GUARANTEE DEPOSIT GUARANTEE SCHEMES DEPOSIT INSURANCE DEPOSIT INSURANCE AGENCY DEPOSIT INSURANCE FUND DEPOSIT INSURANCE SCHEME DEPOSIT INSURANCE SCHEMES DEPOSIT INSURANCE SYSTEM DEPOSIT INSURANCE SYSTEM DESIGN DEPOSIT INSURANCE SYSTEMS DEPOSIT INSURER DEPOSITOR DEPOSITORS DEPOSITORS OF BANK DEPOSITORS OF BANKS DEPOSITS DEPOSITS OF BANK DEPOSITS OF BANKS DOMESTIC CURRENCY ECONOMIC SITUATION EFFECTIVE DEPOSIT INSURANCE ELIGIBLE DEPOSITS EMPLOYEE EMPLOYMENT EMPLOYMENT CONTRACTS ENTREPRENEURS EQUIPMENT ESTATE EXCESSIVE RISK EXCESSIVE RISK TAKING EXCHANGE COMMISSION EXCLUSION EXCLUSION OF DEPOSITS EXCLUSIONS FAILURE RESOLUTION FINANCIAL DIFFICULTY FINANCIAL INSTITUTIONS FINANCIAL RESOURCES FINANCIAL SAFETY FINANCIAL SAFETY NET FINANCIAL SECTOR ASSESSMENT FINANCIAL SYSTEM FOREIGN BANKS FUNDING SOURCES GOOD FAITH GOVERNANCE STANDARDS GOVERNMENT GRANT GOVERNMENT GUARANTEE GOVERNMENT SUPPORT GRANT FUNDING GUARANTEE FOR DEPOSITORS HOUSEHOLDS INDEMNIFICATION INFORMATION SHARING INSTITUTIONAL DEVELOPMENT INSURABLE DEPOSIT INSURANCE AGENCIES INSURED BANKS INSURED DEPOSITORS INSURED DEPOSITS INTERNATIONAL BANK INVESTING JURISDICTIONS LAW ON DEPOSIT INSURANCE LAWS LEGAL ACTIONS LEGAL FRAMEWORK LEGAL OWNERSHIP LEGAL PROCEEDINGS LEGAL PROTECTION LEGAL RIGHT LEGAL SYSTEM LEGISLATION LEVEL OF COVERAGE LEVEL OF DEPOSIT LEVEL OF DEPOSIT INSURANCE LEVEL OF RISK LEVIES LEVY LIABILITY LIMITED COVERAGE LINE OF CREDIT LINES OF CREDIT LIQUID ASSETS LIQUIDATION LIQUIDATION OF BANKS LIQUIDATOR LIQUIDITY LOAN LONDON CLUB MANDATE MANDATES MARKET PARTICIPANTS MONETARY FUND MORAL HAZARD NATIONAL BANK NEGOTIATIONS OBJECTIVES FOR DEPOSIT INSURANCE OBLIGATIONS TO DEPOSITORS OPEN BANKS OPERATING COSTS OPERATING EXPENSES OPERATIONAL INDEPENDENCE ORDER OF PRIORITY PRIVATE BANKS PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS PUBLIC INFORMATION PUBLIC POLICY RESERVES REVENUE SOURCES RISK ASSESSMENT RISK ASSESSMENT CAPACITY RISK LEVEL RISK LEVELS RISK MANAGEMENT SECURITIES SETTLEMENT SMALL BUSINESS SOPHISTICATED DEPOSITORS SOURCE OF INFORMATION SOURCES OF FUNDS SUPERVISORY AUTHORITY SUPERVISORY BOARD SYSTEMIC CRISES SYSTEMIC CRISIS TRANSPARENCY WITHDRAWAL International Monetary Fund World Bank Serbia Financial Sector Assessment Program Update : Deposit Insurance |
| geographic_facet |
Europe and Central Asia Serbia |
| description |
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 |
| format |
Report |
| author |
International Monetary Fund World Bank |
| author_facet |
International Monetary Fund World Bank |
| author_sort |
International Monetary Fund |
| title |
Serbia Financial Sector Assessment Program Update : Deposit Insurance |
| title_short |
Serbia Financial Sector Assessment Program Update : Deposit Insurance |
| title_full |
Serbia Financial Sector Assessment Program Update : Deposit Insurance |
| title_fullStr |
Serbia Financial Sector Assessment Program Update : Deposit Insurance |
| title_full_unstemmed |
Serbia Financial Sector Assessment Program Update : Deposit Insurance |
| title_sort |
serbia financial sector assessment program update : deposit insurance |
| publisher |
Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/634351468116045260/Serbia-Deposit-insurance-technical-note http://hdl.handle.net/10986/28076 |
| _version_ |
1764465681125867520 |
| spelling |
okr-10986-280762021-04-23T14:04:45Z Serbia Financial Sector Assessment Program Update : Deposit Insurance International Monetary Fund World Bank ACCOUNTING ACCURATE INFORMATION ADMINISTRATIVE PROCEDURES ASSOCIATION OF DEPOSIT INSURERS AUDITORS BANK ASSETS BANK BANKRUPTCY BANK BRANCHES BANK CLOSURE BANK FAILURE BANK FAILURES BANK LIABILITIES BANK REHABILITATION BANKING CRISIS BANKING SECTOR BANKING SECTOR STABILITY BANKING SYSTEM BANKRUPTCY BANKRUPTCY ADMINISTRATION BLANKET GUARANTEE BLANKET GUARANTEES BONDS BORROWING BORROWINGS CAPITAL MARKETS CATEGORIES OF DEPOSITS CENTRAL BANKS CLAIM CLOSED BANK CLOSED BANKS CONFLICTS OF INTEREST CORPORATE GOVERNANCE COST OF DEPOSIT INSURANCE COVERAGE LEVEL COVERAGE LIMIT COVERAGE LIMITS COVERAGE RATIO CREDIBILITY CREDITORS CRIMINAL LIABILITY DEBT DEPOSIT DEPOSIT GUARANTEE DEPOSIT GUARANTEE SCHEMES DEPOSIT INSURANCE DEPOSIT INSURANCE AGENCY DEPOSIT INSURANCE FUND DEPOSIT INSURANCE SCHEME DEPOSIT INSURANCE SCHEMES DEPOSIT INSURANCE SYSTEM DEPOSIT INSURANCE SYSTEM DESIGN DEPOSIT INSURANCE SYSTEMS DEPOSIT INSURER DEPOSITOR DEPOSITORS DEPOSITORS OF BANK DEPOSITORS OF BANKS DEPOSITS DEPOSITS OF BANK DEPOSITS OF BANKS DOMESTIC CURRENCY ECONOMIC SITUATION EFFECTIVE DEPOSIT INSURANCE ELIGIBLE DEPOSITS EMPLOYEE EMPLOYMENT EMPLOYMENT CONTRACTS ENTREPRENEURS EQUIPMENT ESTATE EXCESSIVE RISK EXCESSIVE RISK TAKING EXCHANGE COMMISSION EXCLUSION EXCLUSION OF DEPOSITS EXCLUSIONS FAILURE RESOLUTION FINANCIAL DIFFICULTY FINANCIAL INSTITUTIONS FINANCIAL RESOURCES FINANCIAL SAFETY FINANCIAL SAFETY NET FINANCIAL SECTOR ASSESSMENT FINANCIAL SYSTEM FOREIGN BANKS FUNDING SOURCES GOOD FAITH GOVERNANCE STANDARDS GOVERNMENT GRANT GOVERNMENT GUARANTEE GOVERNMENT SUPPORT GRANT FUNDING GUARANTEE FOR DEPOSITORS HOUSEHOLDS INDEMNIFICATION INFORMATION SHARING INSTITUTIONAL DEVELOPMENT INSURABLE DEPOSIT INSURANCE AGENCIES INSURED BANKS INSURED DEPOSITORS INSURED DEPOSITS INTERNATIONAL BANK INVESTING JURISDICTIONS LAW ON DEPOSIT INSURANCE LAWS LEGAL ACTIONS LEGAL FRAMEWORK LEGAL OWNERSHIP LEGAL PROCEEDINGS LEGAL PROTECTION LEGAL RIGHT LEGAL SYSTEM LEGISLATION LEVEL OF COVERAGE LEVEL OF DEPOSIT LEVEL OF DEPOSIT INSURANCE LEVEL OF RISK LEVIES LEVY LIABILITY LIMITED COVERAGE LINE OF CREDIT LINES OF CREDIT LIQUID ASSETS LIQUIDATION LIQUIDATION OF BANKS LIQUIDATOR LIQUIDITY LOAN LONDON CLUB MANDATE MANDATES MARKET PARTICIPANTS MONETARY FUND MORAL HAZARD NATIONAL BANK NEGOTIATIONS OBJECTIVES FOR DEPOSIT INSURANCE OBLIGATIONS TO DEPOSITORS OPEN BANKS OPERATING COSTS OPERATING EXPENSES OPERATIONAL INDEPENDENCE ORDER OF PRIORITY PRIVATE BANKS PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS PUBLIC INFORMATION PUBLIC POLICY RESERVES REVENUE SOURCES RISK ASSESSMENT RISK ASSESSMENT CAPACITY RISK LEVEL RISK LEVELS RISK MANAGEMENT SECURITIES SETTLEMENT SMALL BUSINESS SOPHISTICATED DEPOSITORS SOURCE OF INFORMATION SOURCES OF FUNDS SUPERVISORY AUTHORITY SUPERVISORY BOARD SYSTEMIC CRISES SYSTEMIC CRISIS TRANSPARENCY WITHDRAWAL 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 2017-08-29T16:50:48Z 2017-08-29T16:50:48Z 2009-10 Report http://documents.worldbank.org/curated/en/634351468116045260/Serbia-Deposit-insurance-technical-note http://hdl.handle.net/10986/28076 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Financial Sector Assessment Program Economic & Sector Work Europe and Central Asia Serbia |