The policy brief draws lessons from the financial crisis, discusses international best practice in bank governance, and develops recommendations and action plans for the different countries in the Southeast Europe region. It also aims to help apply international best practices in the Southeast Europe context.
RELATED EVENTS
Corporate Governance of Banks - High Level Policy Meeting for Southeast Europe, December 9-10, 2009, Belgrade, Serbia
The European Bank for Reconstruction and Development, the Global Corporate Governance Forum and the IFC Advisory Services in ECA, organized a two-day meeting on corporate governance of banks in Southeast Europe to help improve the transparency and accountability of the sector in the region. Its objective was to help the countries in the region develop action plans and specific policy recommendation to improve the governance of banks. The meeting was attended by more than 70 banking regulators and practitioners from Albania, Bosnia and Herzegovina, Bulgaria, Croatia, FYR Macedonia, Montenegro, Romania and Serbia.
Presentations:
- Southeast Europe High Level Policy Meeting on Corporate Governance of Banks, Catherine Lawton, Director, EMEA Corporate Governance Consulting, Nestor Advisors
- Corporate Governance of Banks, Prof. David Beatty, Rotman School of Business - University of Toronto, Chairman of the Risk Review Committee and Executive & Governance Committees of Bank of Montreal, PSAG Member
- Corporate Governance and the Financial Crisis – The Way Ahead, Hans Christiansen, Senior Economist, Corporate Affairs, OECD
- EU Trends and Best Practice, Ian Radcliffe, Director, Training & Consultancy, World Savings Banks Institute - European Savings Banks Group
- Supervision and Enforcement of Good Practice, Radovan Jelašic, Governor, National Bank of Serbia
EBRD’s Crisis Response to the Banking Sector in Southeast Europe, Kiyoshi Nishimura, Acting Director Western Balkans, Financial Institution Department, EBRD - Case Study: Nova Bank - Bosnia& Herzegovina, Dragan Dzinic, Legal Advisor, Nova Bank
- Improving Board Practices of Banks, Christian Strenger, Director DWS Investment, Member of the German Corporate Governance Commission, and Deputy Chairman of PSAG
- Case Study: Corporate Commercial Bank - Bulgaria, Bistra Boeva, Professor, University of National and World Economy, Member of PSAG and Member of the European Corporate Governance Forum
Further reading:
- Restoring trust: lofty expectations for post-crisis bank boards
- Risk governance in a new era
- Banker compensation at a crossroads
- Building a high-impact, effective board
Second High Level Policy Meeting for Banks and Regulators from Southeast Europe, June 16, 2011, London, UK
The IFC Global Corporate Governance Forum and the European Bank for Reconstruction and Development help banks and other financial institutions in the region improve their corporate governance practices to enhance their performance and competitiveness. EBRD hosted a high level policy meeting on corporate governance of banks in the region, where institutional experts and regional participants reviewed and endorsed a Policy Brief on Corporate Governance for Banks in Southeast Europe. The brief includes recommendations on how to improve board practices, disclosure, and risk management.