In a joint effort with the Ministry of Trade and Services, the National Bank of Serbia is preparing a Draft Law on the Protection of Banking Services Users (working title), expected to be finalised by the end of the month and open to public debate in November.
Fully endorsing all activities geared at regulating consumer protection in general, and the protection of financial services consumers in particular, the National Bank of Serbia has agreed with the Ministry of Trade and Services to leave out the provisions on consumer loans from the Draft Law on Consumer Protection because of the specific features of loans and other banking products and services.
It has also been agreed that the Law currently under preparation will regulate banking services, including lending to natural persons, in a comprehensive and systematic way and in accordance with EU Directives and international principles of good banking practice.
In line with the above, the new Law will aim to promote good business practice and fair dealing with clients, critical for further strengthening of confidence and, by extension, development of the banking sector as a whole.
News source: EMG.rs link: article
No comments:
Post a Comment