Regulatory Alerts2025-07-16
Decision on Terms and Conditions of Identification, Monitoring and Management of Bank Compliance Risk
The Executive Board of the National Bank of Serbia issued this Decision to establish detailed requirements for banks to identify, monitor, and manage compliance risk. Banks are mandated to establish an independent organizational unit with sufficient qualified staff, ensuring functional separation from business lines and granting direct access to governing bodies. The regulation requires banks to adopt internal acts aligning with these standards by October 1, 2025, replacing previous compliance risk management rules.
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