Czech Republic: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision

International Monetary Fund

No 2012/172, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents detailed assessment of the Czech Republic’s compliance with Basel Core Principles (BCPs) for effective banking supervision. Many earlier weaknesses have been addressed, either through domestic measures or by implementing European Union-wide rules and regulations. An overarching weakness is the insufficiency of staff resources for supervision. The nonfinancial corporate sector’s financial indicators are relatively sound, but the macroeconomic uncertainty weighs on the prospects. Property prices have substantially declined since 2008 reflecting subdued demand.

Keywords: ISCR; CR; CNB rule; risk management; central bank; CNB examiner; financial market; savings bank; internal audit; CNB supervisor; parent bank; CNB guideline; credit institution; discounted cash flow; business plan; Credit bureaus; Credit; Basel Core Principles; Operational risk; Bank credit; Global (search for similar items in EconPapers)
Pages: 101
Date: 2012-07-17
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Citations: View citations in EconPapers (4)

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