FEATURES OF THE REGULATORY REGIME OF BANKS AND CORPORATE GOVERNANCE

Damjan Danilović; Strahinja Miljković

doi:10.7251/ZREFIS2021069D

Authors

Damjan Danilović Faculty of Economics Pale, University of East Sarajevo Author
Strahinja Miljković Faculty of Law (temporary in Kosovska Mitrovica), University of Priština Author

DOI:

https://doi.org/10.7251/ZREFIS2021069D

Keywords:

banks, business, regulators, corporate governance

Abstract

Social relations, economic development and capital concentration have conditioned the development of legal science in the field of companies. Few legal areas have been so susceptible to legal evolution, especially in the last few decades, where the tendency for permanent changes remains to be seen. Through its development, the company law has expressed its own legal institutes, and the legislature has a number of different legal relationships and facts. In particular, banks with their many personalities are singled out within companies. The credit deposit business conditions specific legal relations, which again affects the creation of a special legal framework. Corporate governance systems are characteristic of the steak-holder approach, which stems from the fact that banks have other people's money, and potential losses are made up of state funds, or budget funds. Banking operations, i.e. the management system thus becomes the public interest. This is especially manifested in the creation of a control framework, in order to preempt the development of systemic risks, which are very emphasized by the banks. These risks may be at both the international and national level, subject to both international and national regulatory control. All this affects a range of personalities in the internal organization of banks, and overall the creation of a special legal framework.

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