IMF Staff Country Reports

Republic of Croatia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Payments Systems, Securities Regulation, Insurance Regulation, and Monetary and Financial Policy Transparency

August 12, 2002

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International Monetary Fund. Monetary and Capital Markets Department "Republic of Croatia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Payments Systems, Securities Regulation, Insurance Regulation, and Monetary and Financial Policy Transparency", IMF Staff Country Reports 2002, 180 (2002), accessed December 3, 2024, https://0-doi-org.library.svsu.edu/10.5089/9781451817393.002

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Summary

This paper presents key findings of the Financial System Stability Assessment for the Republic of Croatia, including Reports on the Observance of Standards and Codes on Banking Supervision, Payments Systems, Securities Regulation, Insurance Regulation, and Monetary and Financial Policy Transparency. The financial system of Croatia is now more resilient and seems better prepared to cope with moderate shocks. The larger banks are generally better capitalized, and their risk management capacity has improved. The economy, however, remains highly euroized and susceptible to shifts in residents’ sentiments toward the local currency.

Subject: Bank legislation, Bank supervision, Banking, Commercial banks, Financial institutions, Financial markets, Financial regulation and supervision, Insurance companies, Payment systems

Keywords: Bank legislation, Bank supervision, Banking law, Banking system, Capital adequacy ratio, Central bank, Commercial banks, CR, Eastern Europe, Exchange rate, Foreign currency, Global, Insurance companies, ISCR, Monetary policy, Payment systems, Southern Europe, Western Europe

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