Czech Republic: Technical Note on Crisis Management and Bank Resolution Framework
International Monetary Fund, Jul 17, 2012 - Business & Economics - 31 pages
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.
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Act on Banks actions active appropriate Article Assessment bank liquidation bank resolution bank under conservatorship bank’s banking groups basis bridge bank capital CNB’s conservator Core Principles credit unions crisis preparedness critical banking functions Czech banking sector Czech banking system Czech Crisis Management Czech koruna Czech National Bank Czech Republic Czech subsidiaries Deposit Insurance Agency deposit insurance fund deposit insurance scheme depositors emerging enhanced ensure European Commission ex ante financial institutions financial market financial sector financial stability ﬂexible foreign banks FSAP global financial crisis insolvency framework insolvency proceedings insured deposits International Monetary Fund legislation liquidation and insolvency Liquidity Support management and bank mission MOF to specify Overall observation parent banks percent potential Principles for Effective problem bank Recommendations recovery and resolution reﬂecting repo resolution authority resolution framework Resolution Regimes risks role scenario analysis shareholders subsidiaries of foreign supervision supervisory threshold transactions transfer of insured