Czech National Bank reports resilient financial system

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The Czech National Bank's (CNB's) Financial Stability Report 2011/2012, published on June 19, says the Czech financial system is "resilient" to eurozone developments.

In this edition of the report, which is published annually, stress tests based on the most probable baseline scenario and a second "Europe in depression" scenario are used to assess financial institutions' resilience to unfavourable external developments. The report says banks and insurance companies have high capital buffers and

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