Paper

Law on the Banking Agency of the Federation of Bosnia And Herzegovina

The role of banking agencies in Bosnia and Herzegovina
Download5 pages

This is an official document presenting the laws for banking agencies in the country. The document is presented in twelve points, with each point consisting of different articles, dealing with different aspects of the laws.

The first four points of the document deal with:

  • The objective and the establishment of the banking agency;
  • Various activities associated with the agency;
  • Authority given to these organizations;
  • Aspects related to mutual cooperation of the agency with the Central bank of the Country.

Points 5 and 6 highlight:

  • Organizational and governance aspect of the agency;
  • Management and composition of board;
  • Decision making powers of the board and the Director of the agency;
  • Business secrecy of these agencies.

Points 7, 8 and 9 of the document discuss:

  • Financing of these agencies;
  • Bank's reporting to the Central Bank and these agencies.

The remaining points deals with the reporting, auditing structure, and the implementation of the above provisions.