IMF Staff Country Reports

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, Corporate Governance, Payment Systems; and Summary Assessments of Insolvency and Credit Rights Systems and Anti-Money Laundering Practices

September 13, 2002

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International Monetary Fund. Monetary and Capital Markets Department "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, Corporate Governance, Payment Systems; and Summary Assessments of Insolvency and Credit Rights Systems and Anti-Money Laundering Practices", IMF Staff Country Reports 2002, 198 (2002), accessed November 21, 2024, https://doi.org/10.5089/9781451835441.002

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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.

Subject: Bank supervision, Banking, Commercial banks, Financial institutions, Financial markets, Financial regulation and supervision, Insurance companies, Payment systems

Keywords: Bank supervision, Banking sector, Central and Eastern Europe, Commercial bank, Commercial banks, CR, Eastern Europe, Financial market, Insurance companies, Interest rate, ISCR, Monetary policy, National bank, Payment systems

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