Czech Republic

Czech Republic

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This paper presents detailed assessment of the Czech Republica€™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 sectora€™s financial indicators are relatively sound, but the macroeconomic uncertainty weighs on the prospects. Property prices have substantially declined since 2008 reflecting subdued demand.The BA also require banks (with the exception of parent banks domiciled within the EU for which home country rules apply) to ... A bank shall establish and maintain a set of limits for credit risk management and corresponding procedures .

Title:Czech Republic
Author: International Monetary Fund
Publisher:International Monetary Fund - 2012-07-17

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