Regulatory Alerts2015-09-18
Decision on Recovery Plans of Banks and Banking Groups
The Executive Board of the National Bank of Serbia issued this Decision to regulate the preparation, content, and submission of recovery plans for banks and banking groups under its consolidated supervision. The regulation mandates that banks establish detailed recovery plans containing specific sections on governance, strategic analysis, recovery options, threat indicators, and communication strategies, while requiring annual updates and submission to the regulator. It further specifies the criteria for assessing the feasibility and impact of recovery measures and defines the qualitative and quantitative indicators that trigger the implementation of these plans.
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