Global systemically important banks: assessment methodology and the additional loss absorbency requirement
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Despite all the skepticism, the ‘old savings’ bonds turned out to be the perfectopportunity for the development of financial market in Serbia. This was a new andliquid security that carried virtually no risk for its holders.However, for a number of reasons, the bond market became distorted, dividinginto primary and secondary markets, with the secondary market further segmentedinto over-the-counter and stock exchange markets. Transformation of the bankingsystem in Serbia was required for the national payment system to be transferredfrom the Clearing and Settlement Bureau to commercial banks. The development ofthe financial market required a less expensive and more efficient payment systemwith...
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Global systemically important banks: assessment methodology and the additional loss absorbency requirement
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Global systemically important banks: assessment methodology and the additional loss absorbency requirement
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