Skopje, 28 March 2025
The National Bank Council adopted 12 decisions thus completing the bank resolution regulatory framework, ensuring compliance with the highest international standards and good practices. These decisions represent a significant step towards further strengthening of the financial system stability and protecting the public interest.
These by-laws operationalize the Bank Resolution Law, which was adopted on 3.10.2023, and regulate two basic types of activities: the activities that the National Bank and banks undertake in regular operations (so-called preparatory activities) and the activities that the National Bank undertakes in the event of resolution of a bank that is of public interest and for which the conditions for termination of operations have been met.
The most significant activity within the first group of activities is the development of a resolution plan for each bank and the assessment of the possibility of its resolution. The aim of these activities is to ensure better readiness of the National Bank and the banks to deal with crisis situations. In order to improve the resilience of banks within the framework of the preparatory activities, the National Bank will also determine the level of the minimum requirement for own funds and eligible liabilities (MREL) that each bank should meet. Pursuant to the Law, banks should reach this rate no later than 31 December 2032. Also, for the needs of financing bank resolution, it is envisaged to create a Bank Resolution Fund, which will be financed from the annual contributions of the banks and from other sources. The National Bank prescribes the methodology for determining the amount of the annual banks' contributions to the Fund, and will also decide on its use in the event of bank resolution. The second group of by-laws regulates in detail the activities and instruments for resolution and the authorities and responsibilities of the National Bank in cases where the conditions for bank resolution are met.
The implementation of these decisions begins on 13 October 2025, when the Bank Resolution Law enters into force. In accordance with this law, the National Bank is the competent authority for bank resolution.
{{Title}}
{{Intro}}
{{{Content}}}
{{#hasElements Images}}
{{#each Images}}
{{#showInline ShowInGallery IsThumbNail}}
{{{dataImg this params="?width=886"}}}
{{/showInline}}
{{/each}}
{{#each Images}}
{{#showInline ShowInGallery IsThumbNail}}
{{{dataImg this params="?width=200&height=100"}}}
{{/showInline}}
{{/each}}
{{/hasElements}}