Slovak 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, Securities Regulation, Insurance Regulation,

Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, Corporate Governance, Payment Systems; and Summary Assessments of Insolvency and Credit Rights Systems and Anti-Money Laundering Practices

Volume/Issue: Volume 2002 Issue 198

Publication date: September 2002

ISBN: 9781451835441

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Topics covered in this book

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Banks and Banking , Finance , Business and Financial , ISCR , CR , financial market , national bank , interest rate , monetary policy , banking sector , commercial bank , Payment systems , Commercial banks , Insurance companies , Bank supervision , Central and Eastern Europe , Eastern Europe

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Summary

This paper presents key findings of the Financial System Stability Assessment for the Slovak Republic, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, and Banking Supervision. Successful stabilization and an ambitious structural reform program since 1998 and the rehabilitation and privatization of the public banks in the Slovak Republic have produced a banking and financial sector that appears to be robust to a range of macroeconomic or financial sector shocks. Banking supervision is weak, but the National Bank of Slovakia has launched a medium-term program to strengthen it.