The National Bank of Serbia (NBS) unveiled a series of draft amendments to the country’s Banking Act on September 9, including a cap on interest rates, as part of broader efforts to bolster consumer protections in Serbia’s financial sector. The proposed legislation, which is now open for public consultation, seeks to introduce significant changes, including a lower statutory default interest rate for overdue financial obligations. The reforms are designed to align Serbia’s financial regulations with broader EU directives, ensuring that consumer protections are strengthened without stifling mar…