Franklin

Serbia Financial Sector Assessment Program Update [electronic resource] : Deposit Insurance.

Author/Creator:
International Monetary Fund.
Publication:
Washington, D.C. : The World Bank, 2009.
Series:
Financial Sector Assessment Program
World Bank e-Library.
Financial Sector Assessment Program
Format/Description:
Government document
Book
Local subjects:
Accounting
Administrative Procedures
Banking Law
Banking Sector
Bankruptcy
Bankruptcy and Resolution of Financial Distress
Bonds
Capital Markets
Central Banks
Corporate Governance
Credibility
Debt
Deposit Insurance
Employment
Entrepreneurs
Finance and Financial Sector Development
Financial Institutions
Financial Regulation & Supervision
Financial and Private Sector Development
Foreign Banks
Law and Development
Legal Framework
Legal System
Legislation
Lines of Credit
Moral Hazard
Operating Costs
Public Policy
Risk Assessment
Risk Management
Securities
Standards and Financial Reporting
Transparency
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
Contributor:
International Monetary Fund.
World Bank.
Publisher Number:
10.1596/28076
Access Restriction:
Restricted for use by site license.
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