Bank

Romania's central bank Governor Mugur Isarescu on Monday said there had been no negative reaction on local banks with Greek capital from the situation in Greece.

Not according to credit ratings agency Standard & Poor?s. In a note released on Feb. 6, S&P said the ?banking regulator?s (BDDK) decision to transfer the management of Bank Asya to the Savings Deposit Insurance Fund (TMSF) does not affect the unsolicited credit ratings on Turkey.?

The Turkish banking regulator's decision to take over the management of Bank Asya did not affect the country's credit ratings, Standard & Poor's announced Feb. 6.

"The decision to transfer management of Bank Asya to the Savings Deposit Insurance Fund does not affect the unsolicited sovereign credit ratings on Turkey," the U.S.-based credit ratings agency said in a press release.

The takeover of Bank Asya by the Turkish Savings Deposit Insurance Fund (TMSF) is entirely legal and judicial, but not political, Turkish Prime Minister Ahmet Davuto?lu said on late Feb. 4. Many people continued to show their support to the bank by putting money into their bank accounts Feb. 5, although some others were reported closing their bank accounts.

Greek banks have been given approval to tap an additional 10 billion euros in emergency funding over an existing ceiling if necessary, a Greek government official said in a statement on Thursday.

 Credit sector expects swift deal for new funding program, otherwise country?s economy risks being derailed

By Yiannis Papadoyiannis

Turkish banking authorities have seized control of Bank Asya, citing a lack of transparency.
      

BELGRADE - The Serbian parliament adopted on Tuesday the set of six laws to strengthen bank control and introduce mechanisms of the previously conducted intervention of the National Bank of Serbia (NBS) in the case when banks face problems in their conduct of business, and MPs also passed the amendments to the law on public procurements.

Set of banking laws adopted in parliament

BELGRADE -- The National Assembly in Belgrade adopted on Tuesday a set of six laws to strengthen bank control.

The legislation introduces early intervention mechanisms for the National Bank of Serbia (NBS) to act in case a bank is facing problems.

Deputies also passed amendments to the Law on Public Procurements.

BELGRADE - Serbia's Finance Minister Dusan Vujovic has said that all banks and their clients with savings accounts will have to put some of their money into the Deposit Insurance Fund in the future, adding that the fund will mostly have independent members of the management board.