STRUKTURNE REFORME BANKARSKOG SEKTORA – REGULATORNI PRISTUPI I IMPLIKACIJE

This paper analyzes alternative regulatory approaches for structural reforms of the banking sector, triggered by the global financial crisis. The structural bank regulation measures proposed or adopted in several jurisdictions are based on the Volcker Rule in the United States, Vickers Commission's proposals in the United Kingdom and Liikanen Report in the EU. Despite the different approaches by legislaturess, structural reforms have the same goal – a more resilient financial system. Their common element is to draw a line between commercial banking and certain investment banking activities,, whose combination is seen as a source of systemic risk. Structural reforms are designed to reduce the implicit government guarantees and moral hazard of banks.Rad analizira alternativne regulatorne pristupe strukturnim reformama bankarskog sektora, koje je pokrenula globalna finansijska kriza. Strukturna regulacija banaka, predložena ili usvojena u više jurisdikcija, bazira se na Vokerovom pravilu u SAD, predlozima Vickers komisije u UK i Liikanen izveštaju u EU. Uprkos različitim pristupima zakonodavaca, strukturne reforme imaju isti cilj – otporniji finansijski sistem. Zajednički element je povlačenje linije između komercijalnog bankarstva i određenih aktivnosti investicionog bankarstva, čija se kombinacija percepira kao izvor sistemskog rizika. Strukturne reforme su dizajnirane da umanje implicitne državne garancije i moralni hazard banaka