Presentation of NRA findings to payment institutions

On 4 February 2019 there was a presentation of NRA findings for payment institutions, organized by Serbia’s Chamber of Commerce. NRA Coordinator spoke about the risks at national level whereas the representatives of the National Bank of Serbia indicated the vulnerability of financial system and shared specific findings of risks for payment institutions, so that obliged entities would have adequate knowledge of methodology, organization and criteria which led to classification of payment institutions under medium vulnerability and medium threat. Serbia has presented the NRA findings to all groups of obliged entities, including payment institutions, and will continue to monitor the implementation of risks into the obliged entities’ systems, as well as to undertake activities which aim to mitigate, if not eliminate, perceived risks.