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

Publication Date: January 09, 2004
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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. 04/4
Subject(s): Czech Republic | Bank supervision | Reports on the Observance of Standards and Codes

Publication Date: January 09, 2004
ISBN/ISSN: 9781451810165/1934-7685 Format: Paper
Stock No: 1CZEEA0032004 Pages: 7
US$15.00 (Academic Rate:
US$15.00 )
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