Better Coordination in Banking Supervision

Banking supervision needs to be better coordinated and standardized across the whole country. That was the conclusion of the meeting of the Strategic Working Group on Banking Supervision, which was held in the offices of the CBBH in Banja Luka on May 16.
The meeting was chaired by the Governor of the CBBH, Peter Nicholl, and attended by the RS Minister Of Finance, Milenko Vracar, representative of the Federation Ministry of Finance Enver Trepic, and the directors of the two entity banking agencies, Dušanka Novakovic and Zlatko Barš.
Mr. Nicholl said today that the meeting made very important progress. In order to provide better coordination and standardization in banking supervision, the frequency of the meetings that are held periodically between the entity banking agencies and the CBBH will be increased. The amount of information and detail that the banking agencies include in the reports that are used for these meetings will be increased.
The CBBH will also commence preparing a regular report on the state of the financial system and economic developments in BH and abroad that could have an impact on the BH banking sector. This report will also be discussed at the coordinating meetings between the CBBH and the entity banking agencies.
In order to implement general conclusions, a Technical Working Group has also been established. Chairperson of this group is Vice Governor of the CBBH Dragan Kovacevic. One of the tasks of this group is to prepare detailed design of the reports to be prepared and they will report their recommendations to the strategic working group.
A Strategic Working Group was established late last year to discuss ways of strengthening banking supervision in BH and ensuring improved coordination between the institutions involved in banking supervision in BH.