Czech Republic: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
July 17, 2012
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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.
Subject: Bank credit, Banking, Basel Core Principles, Credit, Credit bureaus, Financial markets, Financial regulation and supervision, Money, Operational risk
Keywords: Bank credit, Basel Core Principles, business plan, central bank, CNB examiner, CNB guideline, CNB rule, CNB supervisor, CR, Credit, Credit bureaus, credit institution, discounted cash flow, financial market, Global, internal audit, ISCR, Operational risk, parent bank, risk management, savings bank
Pages:
101
Volume:
2012
DOI:
Issue:
172
Series:
Country Report No. 2012/172
Stock No:
1CZEEA2012002
ISBN:
9781475506181
ISSN:
1934-7685
