But it’s a change in the regime, with the aim that taxpayers and depositors are better protected and are not liable for the errors committed by banks. The Bank Asset Management Company (BAMC) was set up last year in Slovenia and is now being criticised for not being transparent enough. What should be the first priorities and challenges for the BAMC?
The BAMC had a good start. It has built up expertise and human capital, started operating and has already been receiving a first batch of bad loans. It now needs to continue its work and to receive the next instalment of bad assets, subject to the authorisation by the European Commission.