NBS adopts new regulations for implementation of Basel III – Application in banks to start on June 30, 2017

To the end of realization of the Strategy for Implementation of Basel III Standards, the Executive Board of the National Bank of Serbia (NBS) has adopted the Decision on Capital Adequacy of Banks, Decision on Disclosure of Data and Information by Banks, Decision on Reporting on Capital Adequacy of Banks, Decision Amending the Decision on Reporting Requirements for Banks, Decision on Liquidity Risk Management by Banks and the Decision Amending the Decision on Risk Management by Banks.

In addition to harmonization with the relevant EU acquis in the area of banking, the regulations are to increase the resilience of the banking sector by increasing the quality of the capital and introducing capital buffers, to make monitoring and control of banks' exposure to liquidity risk more efficient, to further strengthen the market discipline and transparency of operation of banks in the Republic of Serbia by publishing all relevant information about banks' operations, as well as to bring the report system in line with the new regulations.

The adoption of these regulations reflects the strategic orientation of the NBS towards a continuous improvement of the regulatory framework in line with international standards and regulations of the EU, in full consideration of the specificity of local regulations and the market in a manner that ensures the maintenance and strengthening of the stability of the banking and financial system on the whole.

The National Bank of Serbia reports that the new regulations will start being implemented on June 30, 2017, and that banks are obliged to file the reports prescribed by the Decision on Reporting on Capital Adequacy of Banks and the Decision Amending the Decision on Reporting Requirements for Banks by April 20 to the end of testing their ability to file reports in lines with these regulations.

Narodna banka Srbije Beograd

NBS

Strategy for Implementation of Basel III Standards

Basel III

banks capital adequacy

reporting requirements for banks

banks risk management