Regulatory Alerts2020-12-25
Decision on Management of Risks Arising from Introduction of New Products/Services by Lessors
The Executive Board of the National Bank of Serbia mandates lessors to establish a comprehensive system for identifying, measuring, and managing risks associated with new products and services. Lessors must conduct rigorous internal analyses of risks, profitability, and compliance, obtain reasoned opinions from risk and compliance units, and notify the regulator at least 60 days prior to launching any new service. Additionally, lessors are required to maintain detailed records of new services and submit semi-annual excerpts to the National Bank of Serbia.
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