Abstract
The answer is Yes! The Government and the Parliament of Serbia can prepare and pass any law necessary to improve the economic system of the country. Monetary policy in the EU and the functioning of the banking sector is under control of the European Central Bank (ECB) and it should be in the prerogatives of the Central bank in Serbia as well. The Central bank creates appropriate policies concerning most issues of general monetary policy. Those policies should be reflected in the activities of the whole banking sector. That would be possible if all banks followed and implemented the monetary policy of the central bank. For that, they would have to fulfill all the conditions concerning the structure of their capital and balance sheet, to keep their license. In order to introduce and maintain those criteria, the EU established its Baking union.
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