Republic of Croatia: Financial System Stability Assessment: Update
May 16, 2008
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The 2002 Financial Stability Assessment Program (FSAP) found that the Croatian financial system was resilient, but vulnerabilities remain. The authorities have been proactive in addressing macroeconomic and financial vulnerabilities associated with rapid credit growth and have also taken prudential measures on contingency planning with supervisory authorities of foreign banks coupled with efforts to enhance risk awareness and strengthen home-host coordination. The Croatian National Bank (CNB) has put in place an effective bank supervision framework. The assessment reflected a legal and regulatory framework together with banking supervision practices of the Croatian authorities.
Subject: Bank credit, Banking, Credit, Credit risk, Financial institutions, Financial regulation and supervision, Financial Sector Assessment Program, Loans, Money
Keywords: bank administrator, bank assets, bank closure, Bank credit, bank lending, bank practice, bank resilience, bank resolution, banking group, CNB bill, CR, Credit, Credit risk, deposit base, Eastern Europe, financial market, foreign currency, Global, ISCR, liquidity problem, Loans, parent bank
Pages:
52
Volume:
2008
DOI:
Issue:
160
Series:
Country Report No. 2008/160
Stock No:
1HRVEA2008003
ISBN:
9781451817485
ISSN:
1934-7685
