Slovak Republic: Financial System Stability Assessment Update, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Insurance Regulation

Volume/Issue: Volume 2007 Issue 243
Publication date: July 2007
ISBN: 9781451835564
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Topics covered in this book

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Banks and Banking , Finance , Public Finance , ISCR , CR , bank , loan , Slovakia , FSAP , FSAP team , foreign currency , return on equity , Slovak bank , bank loan , major counterparty , short term , Loans , Financial Sector Assessment Program , Commercial banks , Pension spending , Financial sector , Central and Eastern Europe , Europe , Global

Summary

This paper presents the Slovak Republic’s Financial System Stability Assessment Update including Reports on the Observance of Standards and Codes on Banking Supervision and Insurance Regulation. Commercial banks are by far the dominant financial institutions, though nonbank financial institutions have grown faster than banks in recent years, and the securities markets remain small. Although rapid, the rate of bank credit growth seems appropriate, given the strong outlook for the economy. Stress tests confirm that banks are currently resilient to a range of possible adverse shocks.