Regulatory Alerts2008-11-27
Law on Amendments and Supplements to the Law on the Central Bank of Bosnia and Herzegovina
The Parliamentary Assembly of Bosnia and Herzegovina enacted amendments to the Law on the Central Bank of Bosnia and Herzegovina to expand the Bank's mandate to include anti-money laundering and counter-terrorism measures. The legislation restructures the Bank's governance by replacing the Chief Controller with a Chief Internal Auditor and establishes detailed rules for the allocation of net profits, losses, and capital deficits. Additionally, the law sets the initial capital at 25 million convertible marks and mandates the distribution of 2004 financial results by February 28, 2005.
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