Regulatory Alerts2023-09-12
Decision on Banks' Required Reserves with the National Bank of Serbia
The Executive Board of the National Bank of Serbia mandates licensed banks to calculate and allocate required reserves against specific dinar and foreign currency liabilities. The regulation establishes distinct reserve ratios based on liability maturity and currency, requiring banks to maintain average daily balances in designated accounts during monthly maintenance periods. It further details the calculation methodologies, interest payments for surplus reserves, and penalties for shortfalls, while providing provisions for exemptions and transitional compliance dates.
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