MISSION OF THE ORGANIZATION
safeguard the rights and benefits of depositors and to create the proper
environment, in which, banks and financial institutions can operate with
market discipline, in a healthy, efficient and globally competitive
thus, contributing to the achievement of long-run economic growth and
stability of the country.
MAIN GOALS OF THE ORGANIZATION
To enhance banking sector efficiency and competitiveness-
elimination of distortions created by the state banks; strengthening of
the banks' capital base; reduction of the banks' intermediation costs;
minimization of group banking and non-financial activities.
To maintain confidence in the banking sector - in accordance
with market discipline and "self responsibility" principle, to
design the proper regulation for public awareness; making adequate,
understandable and accurate information accessible to the markets in a
timely manner; promoting international best standards in accounting and
reporting systems; providing a transparent environment in which
information on risks is clear and accessible for all parties.
To minimize the potential risks to the economy from the banking
sector - prevention of all kinds of transactions and practices that
can jeopardize the smooth and safe operation of the banks; developing
early warning and prompt correction systems to prevent individual
problems from causing systemic risk.
To enhance the soundness of the banking sector - enhancing the
flexibility of the sector against risks; giving importance to the
improvement of corporate governance; developing internal control and
risk management systems; taking market risk into account in calculation
of capital adequacy; improving the BRSA's capacity for risk-focused and
consolidated supervision and control.
To protect the rights of the depositors - establishing a
balance between the adverse effects of deposit insurance, such as
erosion in market discipline and increase in moral hazard, and the need
to protect the rights of depositors.