The issue of developing and improving the system of protectionand rescue in the Republic of Srpska is the topic that initiates constantdiscussions, especially after the floods in 2014. One of the most significantissues raised is financing the system of protection and rescue. The aim of thispaper is to propose a new approach and a new model of financing the protectionand rescue system in the Republic of Srpska.The idea is to form the Fundfor protection and rescue that would basically be funded by interbank transactionsin the Republic of Srpska and funds raised from games of chance.