OECD recommends more power to banks regulator

CZECH REPUBLIC - The Czech Republic can best minimize risks to its banking sector by creating preconditions for a more effective functioning of the regulator, the Czech National Bank (CNB), says a recently published study by the OECD on the Czech economy.

An effective regulatory framework would give the supervisor the power to detect problems before they become serious, says the report. One measure recently undertaken provides a legal basis for consolidating supervision of all financial group

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