In relation to FSAP, the Reserve Bank is closely examining the recommendations that, taken together, may further enhance the three pillar approach to regulation and supervision. Particularly key are the recommendations about independent verification by the Reserve Bank of banks’ internal policies and processes, and the provision of more explicit guidance to help provide a better benchmark to support bank director attestation.
If banks pledge a part of their assets as collateral, the NBS could extend around RSD 70 billion in short-term loans to banks at an interest of at least 15.5% (key policy rate plus 1.5%) at a time when the rate of RPI inflation is around 10% April-to-April. 2. The NBS could provide up to EUR 1 billion in swap transactions. 3.