Financial Services Committee Updates

  • 29.09.2017

These weeks the Committee had a series of meetings with the National Commission on Financial Market as well as with the Ministry of Finance to discuss the draft law on nonbank credit institutions.
The general idea supported by all stakeholders is that the sector development should be supported by ensuring enabling regulations, with no need to institute prudential regulations.

A separate topic within the meetings was the supervision fee, as currently there is no a common view between the private sector and public sector regarding the amount and the fee calculation formula.

The Committee also tackles the latest proposed amendments to the Law on Payment Services and Electronic Money, and intends to come up with a series of recommendations to the National Bank. Supplementary, the financial sector has the opportunity to come up with suggestions on improvement of the Guide on suspicious transaction identification.

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