IMF Staff Country Reports

Slovak Republic: Financial System Stability Assessment Update, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Insurance Regulation

July 17, 2007

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International Monetary Fund. Monetary and Capital Markets Department "Slovak Republic: Financial System Stability Assessment Update, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Insurance Regulation", IMF Staff Country Reports 2007, 243 (2007), accessed November 21, 2024, https://0-doi-org.library.svsu.edu/10.5089/9781451835564.002

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Summary

This paper presents the Slovak Republic’s Financial System Stability Assessment Update including Reports on the Observance of Standards and Codes on Banking Supervision and Insurance Regulation. Commercial banks are by far the dominant financial institutions, though nonbank financial institutions have grown faster than banks in recent years, and the securities markets remain small. Although rapid, the rate of bank credit growth seems appropriate, given the strong outlook for the economy. Stress tests confirm that banks are currently resilient to a range of possible adverse shocks.

Subject: Banking, Commercial banks, Economic sectors, Expenditure, Financial institutions, Financial Sector, Financial Sector Assessment Program, Financial sector policy and analysis, Loans, Pension spending

Keywords: Bank, Bank loan, Central and Eastern Europe, Commercial banks, CR, Europe, Financial sector, Financial Sector Assessment Program, Foreign currency, FSAP, FSAP team, Global, ISCR, Loan, Loans, Major counterparty, Pension spending, Return on equity, Short term, Slovak bank, Slovakia

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