Czech Republic: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
IMF Staff Country Reports, July 17, 2012
Source details
- Canonical URL
- Czech Republic: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
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Bibliographic details
- Published: July 17, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475506181.002
Assessment 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.
Key findings
- Compliance focus: Basel Core Principles (BCPs) for effective banking supervision.
- Regulatory developments: Remedial actions taken via domestic measures and European Union-wide rules and regulations.
- Supervisory capacity: Insufficiency of staff resources identified as an overarching weakness.
- Corporate sector health: Nonfinancial corporate sector’s financial indicators described as relatively sound.
- Macroeconomic context: Macroeconomic uncertainty noted as weighing on prospects.
- Real estate market: Property prices have substantially declined since 2008, reflecting subdued demand.
Content in this bundle
- Structure of The Financial Sector