Wolf Theiss

BOSNIA AND HERZEGOVINA INTRODUCES INTERIM RELIEF MEASURES TO ASSIST LOCAL BANKS IN MITIGATING NEGATIVE CONSEQUENCES OF THE COVID-19 OUTBREAK

On 20 March 2020, the Banking Agency of the Federation of Bosnia and Herzegovina (FBA) and the Banking Agency of Republika Srpska (BARS), the competent financial regulators in Bosnia and Herzegovina (BiH) adopted special decisions (in almost identical texts) on interim relief measures which local banks may implement for the purpose of mitigating negative consequences caused by the COVID-19 outbreak (Decisions and each a Decision). The relevant Decision of BARS was published in the Official Gazette of Republika Srpska on 24 March 2020, while the Decision of FBA is expected to be published in the Official Gazette of the Federation of Bosnia and Herzegovina and to become effective on 27 March 2020. In order to learn more, please download the file below.

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