Republic of Croatia : Financial System Stability Assessment: Update.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Monetary and Capital Markets Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2008/160

IMF Staff Country Reports

Language:

English

Subjects (All):

Banks and banking--State supervision--Croatia.

Banks and banking.

Finance--Croatia.

Finance.

Pensions--Croatia.

Pensions.

Physical Description:

1 online resource (53 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2008.

Language Note:

English

Summary:

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.

Contents:

Cover; Contents; Glossary; Executive Summary; Tables; 1. Priority Recommendations; I. Background; II. Sources of Potential Risk to Financial Stability; A. Macro-Financial Setting; Figures; 1. Central and Southern Eastern Europe: Indicators of Credit Growth; 2. Croatia: Macroeconomic Risks Associated with Credit Growth; 3. Croatia: Selected Financial Market Indicators; 4. Croatia: Prudential Risks Associated with Credit Growth; 5. Croatia's Exposure to the Main Home Countries of Parent Banks; III. Stability Assessment of the Financial System; A. Banking Sector

2. Croatia: Financial Soundness Indicators, 2002-076. Selected Emerging European Countries: Financial Soundness; 3. Summary Results of the Stress Tests Under Alternative Scenarios; B. Nonbank Financial Sector and Cross Sectoral Developments and Risks; Capital markets; The pension sector; The insurance sector; The leasing sector; IV. Mitigation of Risks: Regulatory and Supervisory Issues; A. Measures to Address Rapid Credit Growth and Risks; 4. Croatia: The Measures to Deal with Credit Growth; Boxes; 1. The Effects of the CNB Measures to Deal with Rapid Credit Growth

B. Bank Regulation and SupervisionC. Nonbank Financial System Regulation and Supervision; 5. Croatia: Approaches for Basel II Implementation; V. Systemic Liquidity Management and Contingency Planning; A. Systemic Liquidity Management; B. Contingency Planning; Lender-of-last resort facility; Bank resolution and deposit insurance; Crisis preparedness; C. Institutional and Legal Framework for Bank Intermediation; Appendixes; I. Main Recommendations of the FSAP Update; II. Progress in Implementation of the 2002 FSAP Recommendations; 7. Europe: Comparative Sizes of the Banking Sector

III. The Croatian Financial System StructureAppendix Tables; 6. Croatia: Structure of the Financial Sector, 2003-07; 8. Croatia: Exposure of Banks to NBFIs; 7. Croatia: Ratings of the Largest Banks, 2007; IV. Stress Tests: Overview of the Shocks and Results; 8. Croatia: Multivariate Stress Testing; 9. Croatia: Results of Stress Tests for Liquidity Ratios; Annex; I. Summary Assessment of Observance of the Basel Core Principles for Effective Banking Supervision; Annex Tables; 10. Summary Compliance with the Basel Core Principles-ROSCs

11. Recommended Action Plan to Improve Compliance with the Basel Core Principles

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF copyright page (ebrary, viewed July 1, 2015).

ISBN:

9786613739667

9781462307029

1462307027

9781452767789

1452767785

9781280898358

1280898356

9781452706450

145270645X