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Government adopts amendments to set of financial laws
Belgrade,
11 November 2010
The Serbian government adopted at its session today a Bill affirming the European Convention on the Non-Applicability of Statutory Limitation to Crimes against Humanity and War Crimes and a Bill affirming the extradition agreement between Serbia and Croatia.
The government also adopted a Bill on the confirmation of the agreement between Serbia and Bosnia-Herzegovina amending the Agreement between Serbia-Montenegro and Bosnia-Herzegovina on legal aid in civil and penal matters.
Another document adopted is a Bill on the confirmation of the agreement between Serbia and Bosnia-Herzegovina amending the Agreement between Serbia-Montenegro and Bosnia-Herzegovina on mutual enforcement of court decisions in penal matters.
A Bill affirming the agreement between Serbia and Switzerland on social security was passed, as well as a Bill affirming the Free Trade Agreement between the governments of Serbia and Kazakhstan. The government adopted amendments to a set of financial laws which will secure greater stability of the banking sector and the protection of depositors.
These are a Bill on amendments to the Law on banks, a Bill on amendments to the Law on bankruptcy and liquidation of banks and insurance companies and a Bill on amendments to the Law on the Deposit Insurance Agency.
With these new legal solutions, the state will secure all saving deposits up to €50,000 within three days, regardless of whether the bank in question goes bankrupt or is liquidated.
These amendments will introduce the possibility of increased protection of deposits through the state’s blanket guarantee, which can temporarily increase the amount of ensured deposits and/or include uninsured categories.
The government also adopted a Bill on amendments to the Law on military, working and material obligations in order to secure a legal framework for voluntary military service, once obligatory service is abolished.
Another document adopted is a Bill on the confirmation of the agreement between Serbia and Bosnia-Herzegovina amending the Agreement between Serbia-Montenegro and Bosnia-Herzegovina on mutual enforcement of court decisions in penal matters.
A Bill affirming the agreement between Serbia and Switzerland on social security was passed, as well as a Bill affirming the Free Trade Agreement between the governments of Serbia and Kazakhstan. The government adopted amendments to a set of financial laws which will secure greater stability of the banking sector and the protection of depositors.
These are a Bill on amendments to the Law on banks, a Bill on amendments to the Law on bankruptcy and liquidation of banks and insurance companies and a Bill on amendments to the Law on the Deposit Insurance Agency.
With these new legal solutions, the state will secure all saving deposits up to €50,000 within three days, regardless of whether the bank in question goes bankrupt or is liquidated.
These amendments will introduce the possibility of increased protection of deposits through the state’s blanket guarantee, which can temporarily increase the amount of ensured deposits and/or include uninsured categories.
The government also adopted a Bill on amendments to the Law on military, working and material obligations in order to secure a legal framework for voluntary military service, once obligatory service is abolished.
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