The NBS, however, took a few steps even before the recent events took place: a) as of the next year financial institutions will have to disclose earnings of all members of their management and executive boards in their annual reports, b) when the NBS provides financial support to such institutions, this will not only result in cutting wages of members of management boards (German example), but will also set the scene for their dismissal, and c) we have strengthened significantly the role of internal audit in all financial institutions within the remit of the NBS.
All of the above topics, such as transparency, responsible operations, provision of information and education, can be grouped under one common heading “socially responsible behaviour” and will be of key importance for the recovery of financial markets both in the West and in Serbia.