Introduction of Basel II standards into Serbia's banking system, which should start on December 31, is aimed at ensuring a more exact risk measurement, more transparent bank reports, reduction of systemic risks of the Serbian banking system and making adjustments to relevant EU legislations, Governor of the National Bank of Serbia (NBS) Dejan Soskic stated on Monday.

Soskic told a news conference in the NBS building that Basel II standards comprise rules for calculating capital adequacy, risk management and issuing bank reports.

Serbia is headed this way so that it could measure risks of bank exposure in the modern business conditions with greater precision, Soskic said and expressed expectation that the new regulation would be introduced into Serbia's banking system without major obstacles.

He recalled that the NBS Executive Board adopted a set of decisions on June 16 which envisage introduction of Basel II standards into Serbia's banking system, and added this package of regulations will be implemented as of December 31.