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On May 20, 2026, the House of Peoples of the Federation of Bosnia and Herzegovina adopted nine laws designed to modernise and stabilise the financial sector while aligning with European Union standards. The House of Peoples approved six laws developed by the Federal Ministry of Finance: the Law on Amendments to the Banking Law; the Law on Electronic Money; the Law on Payment Services; the Law on Amendments to the Microcredit Organisations Law; the Law on Payment Accounts; and the Law on Amendments to the Consumer Protection Law. These six laws, combined with three previously adopted laws—the Law on Amendments to Compulsory Insurance in Traffic, the Law on Amendments to Foreign Exchange Operations, and the Law on Amendments to Leasing—create a comprehensive legal framework for financial sector reform. The legislative package represents a significant modernisation of Bosnia and Herzegovina's payment system and establishes a secure, technologically advanced legal framework for digital payments. The laws create the necessary conditions for Bosnia and Herzegovina to join the Single Euro Payments Area (SEPA). Deputy Prime Minister and Federal Minister of Finance Toni Kraljević said the new legislation directly improves conditions for end users, including the introduction of a "basic account" with minimal maintenance costs and significantly lower general banking fees. The Payment Services Law and Electronic Money Law enable faster, simpler, and cheaper electronic payments for citizens while reducing operational transaction costs for businesses, enhancing domestic economic competitiveness. Kraljević said the laws will ensure long-term stability of the financial market and accelerate economic development across the Federation. REFERENCES: Government of the Federation of Bosnia and Herzegovina. "Usvajanjem devet zakona osigurana dugoročna stabilnost financijskog sektora u Federaciji BiH." Accessed May 20, 2026. https://www.fbih.gov.ba/