Financial Markets Department

Karel Bauer, Executive Director

• Operations Analyses Division
  Ivana Matalíková, Director
• Interventions Division
  Petr Frydrych, Deputy Executive Director in charge of a division
• Reserves Management Division
  Ondřej Strádal, Director

Responsible for

• executing financial market transactions, which consist mainly in management of the CNB’s international reserves, operations to implement monetary policy and transactions for CNB clients
• drafting a CNB decree stipulating the terms and conditions for creating minimum reserves
• declaring the exchange rate of the Czech currency vis-à-vis foreign currencies
• managing the liquidity of the Single Treasury Account
• organising and executing primary auctions of government bonds and T-bills
• administering and recovering selected CNB claims

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