Czech Republic: Report on the Observance of Standards and Codes—Banking Supervision—Update
Electronic Access:
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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.
Series:
Country Report No. 2004/004
Subject:
Banking Basel Core Principles Credit risk Financial regulation and supervision Market risk
English
Publication Date:
January 9, 2004
ISBN/ISSN:
9781451810165/1934-7685
Stock No:
1CZEEA0032004
Pages:
7
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