Czech Republic: Financial System Stability Assessment Update

International Monetary Fund

No 2012/177, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents a financial system stability assessment update for the Czech Republic. The financial system is confronted with a number of growing risks. Owing to a high reliance of the Czech economy on exports to European Union (EU) countries, the main risk stems from negative developments in EU countries. The results of stress tests show that Czech banks can withstand substantial shocks. The paper reports that the regulatory and supervisory framework for financial institutions is generally sound, although inadequate resources are a major weakness.

Keywords: ISCR; CR; bank; CNB Board; parent bank; financial system; liquidity; bridge bank; sister bank; bank capital limit; bank recovery; bank's depositor; bank assets; CNB's framework; mid-size bank; bank financial institutions; Financial sector stability; Commercial banks; Stress testing; Loans; Global (search for similar items in EconPapers)
Pages: 46
Date: 2012-07-17
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