Czech Republic : Technical Note on Crisis Management and Bank Resolution Framework.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund. Monetary and Capital Markets Department.

International Monetary Fund. Legal Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/173

IMF Staff Country Reports

Language:

English

Subjects (All):

Banks and banking--State supervision--Czech Republic.

Banks and banking.

Financial crises--Czech Republic.

Financial crises.

Physical Description:

1 online resource (32 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

The Czech financial system is confronted with mounting risks that stem mainly from negative developments in the European Union (EU). This technical note focuses on crisis management and bank resolution framework for the Czech Republic. It summarizes the high-level observations of the mission based on its key findings and recommendations, and analyzes the existing institutional framework and coordination arrangements for crisis management. The note also examines the cross-border dimension of crisis preparedness and crisis management tools.

Contents:

Cover; Contents; Glossary; I. Introduction; II. Executive Summary; A. Crisis Prevention; B. Crisis Preparedness; C. Crisis Management; III. Institutional Framework; A. Mandates and Division of Labor; Boxes; 1. Statutory Objectives and Functions for Resolution Authorities; B. Interinstitutional Coordination and Exchange of Information; IV. Prudential Supervision and Early Intervention; V. The Challenges of the Cross-border Dimension; VI. Crisis Management Tools; A. Official Financial Support; Figures; 1. Liquidity Support Operations by the CNB; B. Orderly and Effective Resolution

C. Deposit Insurance Scheme2. Composition of the Financial Reserves of the DIF (end-2010); 2. Determining the Appropriate Size of a Deposit Guarantee Fund; Annexes; 1. Key Recommendations on the Czech Crisis Management and Bank; 2. Status of Recommendations from Assessment of Core Principles for Effective Deposit Insurance Systems

Notes:

Title from PDF title page (IMF Web site, viewed July 17, 2012).

At head of title: Financial sector assessment program update.

"International Monetary Fund, Global and Capital Markets Department, Legal Department."

"July 2012."

Includes bibliographical references.

Description based on print version record.

ISBN:

9781475575989

147557598X

9781475579925

1475579926