Republic of Croatia : Financial Sector Assessment Update

This Financial Sector Assessment (FSA) summarizes the structural and developmental aspects of the 2007 Financial Sector Assessment Program (FSAP) update report for the Republic of Croatia. An in-depth elaboration on the stability and prudential oversight aspects of the FSAP Update, including factual updates of core principles and Report on the Observance of Standards and Codes (ROSCs), are summarized in the Financial System Stability Assessment (FSSA) that was discussed by the International Monetary Fund (IMF) Board as part of the Article IV consultation, in May 2008. This FSA should be read together with the Fund's FSSA in order to obtain a full sense of the findings and recommendations of the 2007 Croatia FSAP Update. The main conclusion of the FSAP update is that, although substantial improvements in regulation, supervision and institutional capacity are observed, challenges remain given the rapidly growing credit and securities market sectors.

Bibliographic Details

Main Author:	World Bank
Language:	English
Published:	Washington, DC 2008-07
Subjects:	ACCOUNTING, ACCOUNTING STANDARDS, AFFILIATES, ASSET MANAGEMENT, ASSET MANAGEMENT COMPANIES, ASSET PRICE, ASSET PRICES, AUDITORS, AUDITS, BALANCE SHEET, BALANCE SHEETS, BANK ASSETS, BANK BALANCE SHEETS, BANK BORROWERS, BANK CREDIT, BANK EXPOSURE, BANK LENDING, BANK LOANS, BANK SUPERVISION, BANKING INSTITUTIONS, BANKING SECTOR, BANKING SECTOR ASSETS, BANKING SYSTEM, BANKRUPTCY, BASIS POINTS, BOND, BOND INDEX, BOND ISSUANCE, BOND MARKET, BOND MARKET CAPITALIZATION, BOND RULE, BOND TRADING, BORROWER, BROKERAGE, BROKERAGE FIRMS, BROKERS, CADASTRE, CAPITAL ACCOUNT, CAPITAL ADEQUACY, CAPITAL ADEQUACY DIRECTIVE, CAPITAL ADEQUACY RATIOS, CAPITAL BASE, CAPITAL GAINS, CAPITAL INFLOWS, CAPITAL MARKET, CAPITAL MARKETS, CAPITAL REQUIREMENT, COLLATERAL, COLLATERAL REQUIREMENTS, COLLECTIVE INVESTMENT, COMMERCIAL BANK, COMMERCIAL BANKING, COMMERCIAL BANKS, COMMERCIAL PAPER, CONSOLIDATION, CONTINGENCY PLANNING, CORPORATE DEBT, CORPORATE DEBT SECURITIES, CORPORATE GOVERNANCE, CREDIT EXPANSION, CREDIT GROWTH, CREDIT RATING, CREDIT RISKS, CREDITORS, CROATIAN NATIONAL BANK, CURRENT ACCOUNT DEFICIT, CUSTODY, DEBT FINANCING, DEPOSIT, DEPOSIT INSURANCE, DEPOSITORS, DEPOSITS, DISCLOSURE REQUIREMENTS, DISINTERMEDIATION, DOMESTIC DEBT, EMERGING MARKET, EMERGING MARKET BOND, EMPLOYMENT, EQUITIES, EQUITY CAPITAL, EQUITY HOLDINGS, EQUITY MARKET, EXCESS LIQUIDITY, EXCHANGE RATE, EXTERNAL DEBT, FINANCIAL ACCOUNTING, FINANCIAL CONGLOMERATES, FINANCIAL INSTITUTIONS, FINANCIAL INSTRUMENTS, FINANCIAL MARKET, FINANCIAL RISK, FINANCIAL SAFETY NETS, FINANCIAL SERVICES, FINANCIAL STABILITY, FINANCIAL STATEMENTS, FINANCIAL SYSTEM, FISCAL POLICY, FOREIGN ASSETS, FOREIGN BANKS, FOREIGN CURRENCIES, FOREIGN CURRENCY, FOREIGN DEBT, FOREIGN EXCHANGE, GOVERNANCE STANDARDS, GOVERNMENT BOND, GOVERNMENT BONDS, GOVERNMENT SECURITIES, HOLDINGS, HOUSING, INDEBTEDNESS, INFLATION, INSIDER TRADING, INSTITUTIONAL CAPACITY, INSTITUTIONAL INVESTORS, INSURANCE, INSURANCE COMPANY, INSURANCE PRODUCTS, INTEREST RATE, INTEREST RATES, INTERNATIONAL STANDARDS, INVESTMENT BANKING, INVESTMENT FUND, INVESTMENT POLICIES, INVESTOR BASE, INVESTOR DEMAND, IPO, ISSUANCE, ISSUANCES, JOINT STOCK COMPANIES, LAND RECORDS, LAWS, LEGAL FRAMEWORK, LEGAL PROVISIONS, LEGAL SYSTEM, LEGISLATION, LENDER, LEVY, LIABILITY, LIFE INSURANCE, LIFE INSURANCE COMPANIES, LIQUIDATION, LIQUIDITY, LIQUIDITY CRISIS, LIQUIDITY MANAGEMENT, LIQUIDITY PROBLEMS, LOAN, LOAN CONTRACTS, LOAN OFFICERS, LOAN PORTFOLIOS, LOCAL BANKS, LONG-TERM INSTRUMENTS, MACROECONOMIC STABILITY, MANDATORY PENSION FUND, MANDATORY PENSION FUNDS, MARKET CAP, MARKET CAPITALIZATION, MARKET SHARE, MARKET SHARES, MARKET TURNOVER, MARKET VALUE, MATURITIES, MATURITY, MINIMUM CAPITAL REQUIREMENT, MONETARY POLICY, MONEY MARKET, MORTGAGE, MORTGAGE LOAN, MOVABLE PROPERTY, MUNICIPALITIES, NATIONAL BANK, NET PROFIT, NET PROFIT MARGIN, NONBANK FINANCIAL INSTITUTIONS, OPERATING COSTS, OUTSTANDING STOCK, OWNERSHIP STRUCTURES, PENSION, PENSION FUND, PENSION FUNDS, PENSIONS, PLEDGES, PORTFOLIOS, PRODUCTIVITY, PROFIT MARGIN, PROFITABILITY, PUBLIC DEBT, PUBLIC MARKET, PUBLIC POLICY, REGULATORY AUTHORITIES, REGULATORY CAPACITY, REGULATORY FRAMEWORK, RESERVE, RESERVE REQUIREMENT, RESERVE REQUIREMENTS, RESERVES, RETURN, RETURNS, RISK EXPOSURES, RISK MANAGEMENT, RISK MANAGEMENT SYSTEMS, SAFETY NETS, SECURITIES, SECURITIES MARKET, SECURITIES MARKETS, SETTLEMENT, SHAREHOLDER, SHAREHOLDERS, SMALL BANKS, SOLVENCY, SOVEREIGN BONDS, STOCK EXCHANGE, STOCK MARKET, STOCK MARKETS, SUBSIDIARIES, SUBSIDIARY, SUPERVISORY AGENCIES, SUPERVISORY AGENCY, SUPERVISORY AUTHORITIES, SUPERVISORY AUTHORITY, SUPERVISORY BOARD, SUPERVISORY BOARDS, SUPERVISORY FRAMEWORK, SVERIGES RIKSBANK, SYSTEMIC RISK, T-BILLS, TAX, TECHNICAL ASSISTANCE, TRANSPARENCY, VALUATION, VALUATIONS, WARRANTS, YIELD CURVE,
Online Access:	http://documents.worldbank.org/curated/en/2008/07/9655291/republic-croatia-financial-sector-assessment-update https://hdl.handle.net/10986/8059
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