Czech Republic: Report on the Observance of Standards and Codes—Banking Supervision

Czech Republic: Report on the Observance of Standards and Codes—Banking Supervision—Update

January 9, 2004

Preview Citation

Format: Chicago

Czech Republic: Report on the Observance of Standards and Codes—Banking Supervision—Update, (USA: International Monetary Fund, 2004) accessed November 21, 2024

Summary

The Czech government placed high priority on implementing and observing the international standards relevant for financial stability. The supervisory staff exhibited a high understanding of best international supervisory standards, policies, and practices. Nevertheless, the report noted significant weaknesses in laws governing debtor-creditor relations, inefficiencies in the judicial process, cumbersome administrative requirements, and low supervisory skills, and the need to audit computer-based systems and evaluate risk management systems. Enhancing the legal and regulatory framework is required to build up supervisory capacity, and to increase attention to supervisory coordination and cooperation.

Subject: Banking, Basel Core Principles, Credit risk, Financial regulation and supervision, Market risk

Keywords: Basel Core Principles, CNB report, CR, Credit risk, FSAP mission, ISCR, Market risk, Right of the CNB, Risk management, Risk management management system, Sc, Supervision, Targeted on-site inspection

Publication Details

Pages:

7
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2004/004
Stock No:

1CZEEA0032004
ISBN:

9781451810165
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports