Presentation by CNB Governor Jiří Rusnok delivered at the HSBC Global Emerging Markets Forum on 13 October 2021. (pdf, 634 kB)
The CNB comments on the September 2021 inflation figures
In September, the Czech National Bank completed this year’s round of supervisory stress tests of banks and insurance companies. Their results demonstrated that the two sectors are still prepared to withstand a deterioration in economic conditions. The tests used data as of the end of 2020.
The CNB will newly mitigate risks associated with the systemic importance of financial institutions by setting the capital buffer for other systemically important institutions (hereinafter the “O-SII buffer”) instead of the currently used systemic risk capital buffer (hereinafter the “SRB buffer”). The CNB sets the O-SII buffer for five institutions in the range of 0.5%–2.5% of their total risk exposure. This change is based on the transposition of the CRD V directive into Czech law.
This article presents the CNB’s approach to setting the capital buffer and describes the changes to that approach caused by the transposition of CRD V into Czech law.
Transcript of the questions and answers from the press conference