Regulatory Alerts2008-11-27
Law on Amendments 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 align internal governance and reporting procedures with operational realities. The changes extend the appointment term of the Chief Internal Auditor from three to four years, remove statutory caps on mandatory reserves to grant the Board of Governors regulatory flexibility, and extend the deadline for submitting preliminary quarterly financial reports to the Presidency to one month. These adjustments aim to harmonize appointment periods with internal acts, accommodate permanent credit growth, and ensure the feasibility of accurate financial reporting.
Share