Regulatory Alerts2023-01-01
Instruction on Reserve Account Operations for Banks
The Governing Board of the Central Bank of Bosnia and Herzegovina issued this Instruction to regulate the opening, maintenance, and closure of reserve accounts for banks, ensuring compliance with mandatory reserve requirements. It establishes strict procedures for fund transfers between reserve accounts, clearing systems, and other banks, while defining escalating sanctions and account suspensions for banks that fail to meet reserve obligations over one, two, or three consecutive periods. The document also details protocols for handling bank license revocations, liquidation, bankruptcy, and status changes such as mergers or divisions, ensuring orderly transitions and priority claims for the Central Bank.
Share