Česká národní banka

CNB > Financial stability > Financial stability reports

The Czech National Bank presents the results of its financial stability analyses primarily in the Financial Stability Report, which is published once a year. The objective of the Report is to identify the risks to the financial stability of the Czech Republic in the near future on the basis of previous and expected developments in the real and financial sectors.

The Report contains two parts – a basic part and a part with thematic articles. The structure of the Report follows the logic of the approach to the analyses, i.e. the risks in each sector are first discussed and the size of the stress that the financial sector is able to withstand is then examined. The “Real economy” section analyses the domestic and foreign macroeconomic environment and the key domestic sectors, i.e. households and non financial corporations. The “Asset markets and the financial infrastructure” section deals with developments and risks in the financial markets, the real estate market and the financial infrastructure. The last section of the basic part, entitled “Financial sector”, examines the financial sector. This section also includes a sub-section evaluating the resilience of the Czech financial system by means of stress tests applied to the banking sector, the insurance company sector and the pension fund sector. The “Thematic articles” part usually contains four articles focused on current topics in the field of financial stability.

The first Financial Stability Report (FSR 2004) was published in January 2005. According to an amendment to Act No. 6/1993 Coll., on the Czech National Bank, valid since 1 April 2006, the CNB is obliged to submit a financial stability report to the Chamber of Deputies (the lower house of the Czech parliament) at least once a year.

In January 2004, the Banking Sector Stability Report for 2003 (pdf, 361 kB) was published. This was, however, limited to an analysis of the risks faced by the banking sector.