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Republic of Croatia: Financial System Stability Assessment: Update
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 160
Language:
English
Publication Date:
16 May 2008
DOI:
https://doi.org/10.5089/9781451817485.002
ISBN:
9781451817485
ISSN:
1934-7685
Pages:
52
Keywords:
ISCR; CR; parent bank; bank resolution; financial market; bank closure; bank lending; bank resilience; liquidity problem; foreign currency; CNB bill; deposit base; bank administrator; bank practice; banking group; bank assets; Loans; Credit; Credit risk; Bank credit; Global; Eastern Europe
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund