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Regulators in the Czech Republic

The Czech National Bank is responsible for the supervision of the financial market in the Czech Republic.

Regulatory Environment — Czech Republic

StatutoryPrudentialStatisticalTransactional
Balance sheet reporting Capital adequacy reporting Electronic banking and account statistics reporting MiFID reporting
Liquidity Reporting Securities reporting Balance of payment reporting
Loan and deposit reporting

Statutory

Balance sheet reporting

Balance sheet reporting provides information on financial statements position and is required by Czech National Bank (CNB) on a monthly and quarterly basis. Under this type of reporting all banks in the Czech Republic are required to submit balance sheet, profit & loss statement, additional information to balance sheet and profit and loss statement, consolidated reports and a report on selected assets and liabilities by country is required.

Prudential

Capital adequacy reporting
Czech National Bank uses the Basel II framework to calculate the capital adequacy requirements. Capital adequacy reporting collects information on capital, credit risks, market risks, currency risk and operational risk.

Liquidity reporting
The liquidity position of the bank and maturity profile is reported to Czech National Bank on a monthly basis in order to analyse the positions of the banks in the country.

Other supervisory reports
Supervisory reports on bank large exposures, country exposures, interest rate risk for investment book, concentration of loans and deposits, mortgage loans and mortgage securities are required on monthly or quarterly basis.

Statistical

Loan and deposit reporting
Banks are required to submit a report on client loans and receivables, interbank loans and deposits, client deposits, client deposit interest rates, client loan interest rates, client deposit new deals interest rates, client loan new deal interest rates to the CNB on a monthly basis.

Securities reporting
Reports on the securities held by clients, securities held by bank, securities issued by bank, non-tradable securities interest rates (including new deals) need to be submitted to CNB on a monthly and quarterly basis.

Electronic banking and account statistics reporting
The banks in the Czech Republic need to report to CNB the banking operations and the account statistics on a quarterly basis.

Transactional

Markets in financial instruments directive (MiFID) reporting
Banks in the Czech Republic need to report deals with quoted investment instruments, deals with quoted investment instruments made through the institution, instruments acquired for trading are to be reported to the Czech National Bank on a daily basis.

Balance of payment reporting
Banks need to report to the CNB outgoing and incoming payments and prediction of future income of non residents from domestic securities as well as future repayments of loans to non-residents. The reports are delivered on a monthly and quarterly basis.

Firms are faced with investing time, effort and resource to:

  • Keep abreast of the latest regulatory demands
  • Understand regulatory requirements
  • Re-configure IT solutions to address changing business issues
  • Meet risk and regulatory demands to stay compliant
  • Have audit capability to meet internal and external investigation
  • Have consistent information for both internal and external consumption

So how can we help you?

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The main benefits of the our regulatory reporting solution include:

  • Regulatory Update Service (RUS): We actively monitoring regulatory changes and provides updates within the product subscription
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  • Fully integrated solution for risk management & regulatory reporting, as the regulatory framework is converging all over the globe on these topics. This means:
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  • Regulatory reporting includes report level validation rules and electronic delivery where applicable
  • Local domain expertise while at the same time global consistency

As leaders in the field of risk and regulatory solutions Wolters Kluwer Financial Services understands your business needs. Our heritage in and in-depth knowledge of the financial market enables the development of our solutions to be so flexible that they meet the needs of ALL firms whatever the size or complexity.

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