Leasing Supervision

Pursuant to the Law on Amendments and Supplements to the Law on Financial Leasing («RS Official Gazette» no. 61/2005), supervision of financial leasing companies has been added to National Bank of Serbia′s scope of responsibilities. As stipulated by this Law, the National Bank of Serbia is also the institution which issues licenses to perform financial leasing operations, grants consent regarding the appointment of the members of financial leasing companies′  management bodies and undertakes corrective measures against lessors in whose operations irregularities and illegalities were found.

In addition, the National Bank of Serbia issues secondary legislation envisaged by the Law on Financial Leasing, whereby it regulates in detail the operations of financial leasing companies.

The main objectives of the supervision of financial leasing companies are as follows:

• boosting the public confidence in the financial sector and leasing,
• ensuring transparency of the financial market,
• financial market development based on fair competition,
• customer protection and education,
• efficient implementation of consolidated supervision of the financial sector participants.