Czech Republic Technical Note on Selected Issues on the Credit Union Sector

This technical note focuses on selected issues on the credit union (CU) sector in the Czech Republic. The business models of CUs in the Czech Republic are fundamentally different from traditional CUs that are typically non-for-profit cooperatives operated for the benefit of a defined set of members....

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Banks and Banking 
653 |a Financial markets 
653 |a Banking 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Micro Finance Institutions 
653 |a Financial services law & regulation 
653 |a Money and Monetary Policy 
653 |a Financial regulation and supervision 
653 |a Loans 
653 |a Credit bureaus 
653 |a Industries: Financial Services 
653 |a Finance 
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653 |a Financial institutions 
653 |a Mortgages 
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653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Money 
653 |a Depository Institutions 
653 |a Capital adequacy requirements 
653 |a Banks and banking 
653 |a Credit ratings 
653 |a Nonperforming loans 
653 |a Asset requirements 
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520 |a This technical note focuses on selected issues on the credit union (CU) sector in the Czech Republic. The business models of CUs in the Czech Republic are fundamentally different from traditional CUs that are typically non-for-profit cooperatives operated for the benefit of a defined set of members. The paper highlights that there is a need to restructure the CU sector, aimed at striking a delicate balance between minimizing financial and supervisory risks arising from the sector while recognizing the social role of prudently managed CUs