Division of responsibilities among Bank Board members with respect to financial market supervision

At its meeting today the Bank Board decided on the division of responsibilities among Bank Board members with respect to financial market supervision. The Banking Regulation and Supervision Department will continue to be supervised by Chief Executive Director Michaela Erbenová. The Insurance Companies Regulation and Supervision Department will be supervised by Vice-Governor Luděk Niedermeyer, while the Capital Market Regulation and Supervision Department will be supervised by Vice-Governor Miroslav Singer. The principle of collective decision-making by the Bank Board will remain unaffected by this decision. The involvement of three board members reflects the attention being paid by the Bank Board to the smooth process of integration of financial market supervision into the CNB.

Pavlína Bolfová, CNB spokesperson