Financial stability reports

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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 basic part is divided into five main sections. The Real economy and financial markets section deals with the macroeconomic environment, non-financial corporations and households and goes on to analyse developments in the financial markets and the property market. The section called The financial sector discusses developments in the banking and non-banking financial sector and assesses the resilience of sectors on the basis of stress tests. The Stress tests section assesses the resilience of sectors to adverse scenarios. The section Risks to financial stability and macroprudential policy contains an overall risk assessment, information on macroprudential instruments for mitigating risks identified, and an analysis of risks associated with developments in the regulatory environment. The “Thematic articles” part usually contains three to five 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.