Republic of Croatia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Payments Systems, Securities Regulation, Insurance Regulation, and Monetary and Financial Policy Transparency
IMF Staff Country Reports, August 12, 2002
Source details
- Canonical URL
- Republic of Croatia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Payments Systems, Securities Regulation, Insurance Regulation, and Monetary and Financial Policy Transparency
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Bibliographic details
- Published: August 12, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451817393.002
Summary / Key findings
- Presents key findings of the Financial System Stability Assessment for the Republic of Croatia, including Reports on the Observance of Standards and Codes on Banking Supervision, Payments Systems, Securities Regulation, Insurance Regulation, and Monetary and Financial Policy Transparency.
- The financial system of Croatia is now more resilient and seems better prepared to cope with moderate shocks.
- The larger banks are generally better capitalized, and their risk management capacity has improved.
- The economy remains highly euroized and susceptible to shifts in residents’ sentiments toward the local currency.
Financial system resilience
- Increased resilience noted across the financial system.
- Improved preparedness to cope with moderate shocks.
Banking sector observations
- Larger banks: generally better capitalized.
- Risk management: capacity has improved in the banking sector.
Currency and macro vulnerability
- Economy characterization: highly euroized.
- Risk implication: susceptibility to shifts in residents’ sentiments toward the local currency.
Content in this bundle
- Republic of Croatia: Financial System Stability Assessment - ISCR/02/180