The National Bank of Serbia (NBS) has issued over 20 implementing decisions to enforce these reforms. Key changes include establishing a Bank Restructuring Fund, financed by mandatory bank contributions, to protect public funds during crises without a taxpayer burden.
The amendments enhance NBS supervisory powers—including undercover inspections—and introduce stricter capital requirements (like a new leverage ratio). For consumers, the reforms cap interest rates on loans/credit cards and require banks to offer flexible repayment solutions during financial hardship. The laws also mandate improved corporate governance, anti-money laundering controls, and digital service accessibility. These changes align Serbia with EU banking standards while prioritizing financial stability and user protection.
The detailed analysis is provided by Bojana Javorić Mićović, Partner and Anđela Šever, Associate from the JPM Belgrade office. The full text is available here.
