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

Author/Editor:

International Monetary Fund

Publication Date:

January 9, 2004

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. 04/4

Subject:

English

Publication Date:

January 9, 2004

ISBN/ISSN:

9781451810165/1934-7685

Stock No:

1CZEEA0032004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

7

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