ZAGREB, June 27 (Hina) - The Croatian parliament on Thursday began a discussion on a final bill on banks, one of the four bills in the package which should regulate the banking system and the securities market.
ZAGREB, June 27 (Hina) - The Croatian parliament on Thursday began a
discussion on a final bill on banks, one of the four bills in the
package which should regulate the banking system and the securities
market. #L#
According to the final bill on the banks, the stock capital
necessary for the establishment of a bank should amount to 40
million kuna (approximately 5.5 million euros).
The central bank, Croatian National Bank (HNB) will be given the
right to control companies which are related to banks. It would be
also entitled to follow activities of a bank or a group of banks,
which might eventually limit the market competition.
The central bank would also determine the statutory reserves for
all the banks, and could ask larger reserves for banks that are
operating at higher risks.
Under this bill, banks must change auditors' company every four
year. One auditor will be allowed to draw up at most four
consecutive financial reports in one bank.
(hina) ms