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ARTICLE · 06 APRIL 2015

Amendments And Supplements To The Banking Act Adopted

Schoenherr (Schönherr Rechtsanwälte)
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At the beginning of February 2015, the Parliament of the Republic of Serbia adopted a set of banking-related laws.

SerbiaFinance and Banking
Schoenherr Attorneys At Law
Schoenherr Attorneys At Law
Jelena Arsić
Jelena Arsić
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At the beginning of February 2015, the Parliament of the Republic of Serbia ("RS") adopted a set of banking-related laws.

The following were published in the Official Gazette of RS no. 014/2015: (i) Amendments and supplements to the Banking Act ("BA"), (ii) Insolvency and Liquidation of Banks and Insurance Companies Act, (iii) Deposit Insurance Agency Act, (iv) Deposit Insurance Act, and (v) Amendments and supplements to the Act on the National Bank of Serbia.

Led by the BA, this latest legal reform of Serbia's banking sector aims to set a new, systematic legal framework for the restructuring of banks in the country with the goal of adhering to the European Union legislative framework (particularly with regard to the provisions of the Directive 2014/59/EU on the recovery and resolution of credit institutions).

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