NBS introduces new regulations about liquidity of banks on July 1st - risk management improvement announced

National Bank of Serbia (NBS) has announced that, starting tomorrow (July 1st, 2008), it will be applying new regulations about solvency and liquidity of banks and improvement of risk management in order to bring domestic regulations in accord with the international ones.

According to the announcement, new regulations will provide better protection of money of the clients, it will contribute to strengthening and preservation of trust in banks and improvement of stability of banking sector.

Innovations in the regulations concern classification of claims from companies and citizens in categories from A to D, depending on the estimate of financial state, credit worthiness of the debtor, quality of security, etc.