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2012, vol. 49, iss. 4-6, pp. 335-347
Bankruptcy of private pension funds in Serbia and regulatory responsibility of the Central Bank of Serbia
nema
Keywords: private pension funds; bankruptcy; regulatory responsibility; Central Bank of Serbia; Serbia
Abstract
This paper is assessing the level of consistency and effectiveness of the legal regulation as a foundation and base of establishment and development of the schemes of private voluntary pension funds and schemes in Serbia. Legal tradition in Serbia during the second half of the XX century has not being oriented towards a goal of protection of private investors interests, and consequently the reorientation and harmonization towards new market circumstances, needs and institutions such as are private pension funds is very hard. Ever rising needs to strengthen the social security of the employed people in the area of private pensions should be adjusted and fine tuned to the capacity of the national legal system which in turn shall enable faster financial development. That goal is possible to achieve through continuous improvement of the regulation and supervision of the Central Bank of Serbia over the private pension funds, especially in the area of bankruptcy prevention and based on the lessons learned from the current ongoing banking and economic crisis.

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article language: Serbian
document type: unclassified
published in SCIndeks: 05/08/2016

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