Czech Republic: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency; Banking Supervision; Insurance Regulation; Securities Regulation; C

Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency; Banking Supervision; Insurance Regulation; Securities Regulation; Corporate Governance; and Payment Systems

Volume/Issue: Volume 2001 Issue 113
Publication date: July 2001
ISBN: 9781451810172
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Topics covered in this book

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Banks and Banking , Finance , Corporate Governance , ISCR , CR , monetary policy , balance sheet , banking sector , liquid asset , state bank , central bank , foreign exchange market , financial system , banking system , Insurance companies , Insurance , Commercial banks , Payment systems , Corporate governance , Global

Summary

The resilience of the Czech financial system to macroeconomic shocks and structural weaknesses has strengthened considerably as a result of recent reform efforts. Stress tests indicate that the Czech banking system now shows only moderate vulnerability to market and credit risks. To enable more effective monitoring of the activities of integrated firms and markets, coordination and cooperation between supervisory agencies requires strengthening. Regarding the nonbanking sectors, the adoption of the mutual fund model for pension funds would improve transparency, and needs to be implemented as soon as possible.