Serbia's student-led movement, poised to take power after the October 25 election, urges banks to intensify scrutiny of cross-border capital flows during the transition period. The appeal calls for increased supervision to preserve financial integrity, responsibility and transparency, without targeting legal business activities. This follows the Serbian central bank revoking Alta Bank AD's license due to suspicious outflows after the election, part of the Alta Group.
Major foreign-owned banks like Intesa Sanpaolo, OTP, Raiffeisen, Uni Credit and NLB operate in the country. The Student List, formed from anti-government protest backers, won a parliamentary majority pledging anti-corruption measures and investigations into outgoing regime contracts. Meanwhile, Marko Kricko, head of Serbia's Criminal Police, was arrested over alleged murder involvement following a prosecutor's order.
A prime minister candidate remains unnamed, and power transfer awaits formal election verification. A repeat vote occurs Sunday at 53 polling stations due to alleged irregularities, though unlikely to alter the result.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing