A few such companies which were perceived as well-functioning, well-managed and financially healthy and consequently had a large depositor base, defaulted in repayment of deposits, leading to the realisation that the extant framework was inadequate to monitor and regulate these companies.
As you are certainly aware, this initiative promotes socially responsible behaviour, a notion of mounting significance in turbulent times such as these, the role of which shall no doubt grow in future. Today, I wish to discuss briefly the effects of the events on the world financial market on Serbia and the role of social responsibility within that context.