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 53
- Downloads 0
Zajedničko ulaganje (joint venture) i tržišna konkurencija / Joint Venture and Market Competition - Joint Venture and Market Competition
In modern business of the business entities, on the EU market, as well as on the other national markets, it is joint venture is increasingly used as a form of joining of business entities. For a competition law basic que...
Životna sredina - opasnosti i pravna zaštita - Human Environment ‒ Risks and Legal Protection
The most relevant factors that affect climate are astronomic cycles ant their effects on planet Earth and Earth’s orbit around the Sun. They have impact on the occurrence of glacial and interglacial periods at generally...
Ustavno pravo na privatnost, slobodu kretanja i prebivalište korišćenjem biometrijskih podataka - Constitutional Right to Privacy, Freedom of Movement and Residence by Use of Biometric Data
The Constitution of Bosnia and Herzegovina, Article 2 defines human rights and fundamental freedoms that are guaranteed in the territory of Bosnia and Herzegovina, and in paragraph 3 of this Article is enumerated a catal...
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...
Pojam i pravna priroda zakonskog izdržavanja - The Concept and the Legal Nature of Legal Support
In the paper, the author points out the diff erence between the obligati on prescribed by the Family Law of the Republika Srpska (FL) and the obligati ons arising under the legal act (e.g. a contract on lifelong support,...