THE PRIORITY DIRECTIONS OF NATIONAL ECONOMY DEVELOPMENT
MAJOR ASPECTS OF ASSET QUALITY REVIEW PROCESS IN EUROPEAN UNION AND SERBIA
Vladimir Mirković, Branislav Dudić, Zdenka Dudić
Abstract: Privileged position of certain financial institutions during financial crisis created by government involvement in their bailout, needed reaction in order to maintain stability of banking systems worldwide. In that sense, there has been made identification and defining of systemically important banks on global and local level. Competent supervisory authorities should perform additional control and monitoring of banks which they directly monitor. Those actions were realized through asset quality review process in European Union, while Serbia also conducted asset quality review process (via so-called “special diagnostic studies”). In paper are presented the major results of asset quality review process and lessons we learnt, which should be applied in prospective period for the purpose of improvement of current state in Serbian banking system.
Keywords: asset quality review, systemically important banks, capital adequacy ratio, European Union, Serbia.
Published: p. 173-184
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