Czech Republic: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
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Summary:
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.
Series:
Country Report No. 2012/172
Subject:
Bank credit Banking Basel Core Principles Credit Credit bureaus Financial markets Financial regulation and supervision Money Operational risk
Frequency:
Annually
English
Publication Date:
July 17, 2012
ISBN/ISSN:
9781475506181/1934-7685
Stock No:
1CZEEA2012002
Pages:
101
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