World Bank2013-02-052013-02-052002-12https://hdl.handle.net/10986/12247A joint IMF-World Bank Financial Sector Assessment Program (FSAP) mission visited Slovakia from February 14-March 1, 2002 and April 8-19, 2002 to undertake an assessment of the financial sector. The principal objective of the missions was to assist the Slovak authorities in evaluating the potential vulnerabilities and key development priorities in the Slovak Financial System. This work was seen as being of particular importance in light of Slovakia's eventual accession to the European Union (planned for the beginning of 2004). This report provides a summary of the main findings of the mission, and the policy priorities identified.en-USCC BY 3.0 IGOACCELERATED DEPRECIATIONACCOUNTINGACCOUNTING STANDARDSASSETS RATIOAUCTIONAUDITINGAUDITSBAILOUTSBALANCE SHEETSBANK ACCESSBANK BAILOUTSBANK DEPOSITBANK FAILURESBANK OF ISRAELBANK OFFICEBANK PAYMENTBANKING INSTITUTIONSBANKING LAWBANKING MARKETSBANKING REGULATIONBANKING SECTORBANKING SECTOR ASSETSBANKING SUPERVISIONBANKING SYSTEMBANKRUPTCYBANKRUPTCY LAWBANKRUPTCY LEGISLATIONBROAD MONEYCAPITAL INFLOWSCAPITAL MARKETSCAPITAL REQUIREMENTSCENTRAL BANKCIVIL CODECOLLATERALCOLLATERAL REGISTRIESCOMMERCIAL BANKCOMMERCIAL BANKINGCOMMERCIAL BANKSCOMMERCIAL CODECOMPARABLE MATURITYCONSOLIDATED SUPERVISIONCONSOLIDATIONCONSUMER CREDITCONTRACTUAL SAVINGSCONTRACTUAL SAVINGS INSTITUTIONSCORPORATE BONDSCORPORATE BORROWERSCORPORATE GOVERNANCECREDIT BUREAUCREDIT BUREAUSCREDIT FACILITIESCREDIT HISTORYCREDIT RISKCREDITORCREDITOR RIGHTSCREDITORSCURRENT ACCOUNT DEFICITDEBT ISSUEDEBT RECOVERYDEPOSITDEPOSIT INSURANCEDEPOSIT INSURANCE PREMIUMSDEPOSITORDEPOSITOR PAYOFFDISPOSABLE INCOMEDISTRESSED BANKSENFORCEMENT MECHANISMSEQUITY MARKETSEUROPEAN CENTRAL BANKEXCHANGE RATEEXPENDITURESEXPOSUREEXPOSURE TO RISKSEXPOSURESEXTERNAL AUDITORSEXTERNAL DEFICITFAILURE RESOLUTIONFINANCE PRODUCTSFINANCIAL INFORMATIONFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL MARKETSFINANCIAL SECTORFINANCIAL SECTOR SAFETY NETFINANCIAL SERVICESFINANCIAL STATEMENTSFINANCIAL SYSTEMFISCAL DEFICITFIXED INVESTMENTFOREIGN BANKFOREIGN BANKSFOREIGN DEBTFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN EXCHANGE MARKETFOREIGN INSTRUMENTSFUND MANAGEMENTGOVERNMENT BONDSGOVERNMENT DEBTGOVERNMENT SECURITIESGOVERNMENT SECURITIES MARKETGUARANTEE FUNDHOLDINGHOLDINGSHOME COUNTRYHOUSEHOLD INCOMEHOUSEHOLD SAVINGSHOUSINGHOUSING FINANCEHUMAN RESOURCESINFLATIONINFORMATION SYSTEMSINSIDER TRADINGINSTITUTIONAL CAPACITYINSURANCEINSURANCE COMPANIESINSURANCE COMPANYINSURANCE INDUSTRYINSURANCE PENETRATIONINSURANCE PREMIUMSINTEREST RATEINTEREST RATE RISKINTEREST RATE SHOCKSINTERNATIONAL ACCOUNTING STANDARDSINTERNATIONAL AUDITING STANDARDSINTERNATIONAL STANDARDSINVESTMENT FUNDSINVESTOR PROTECTIONJOINT STOCK COMPANYJUDICIAL ENFORCEMENTLAWSLEASED ASSETSLEGAL AUTHORITYLEGAL FRAMEWORKLENDERLENDER OF LAST RESORTLENDING INSTITUTIONSLIABILITYLIFE INSURANCELINE OF CREDITLIQUID ASSETSLIQUIDITYLIQUIDITY MANAGEMENTLIQUIDITY RISKSLOANLOAN PORTFOLIOLOCAL MARKETMARKET CAPMARKET CAPITALIZATIONMARKET LEVELSMARKET MANIPULATIONMARKET RISKMINORITY SHAREHOLDERMINORITY SHAREHOLDER RIGHTSMONETARY INSTRUMENTMONETARY POLICIESMONETARY POLICYMORTGAGEMORTGAGE BANKINGMORTGAGE BANKSMORTGAGE BONDMORTGAGE LOANMUTUAL FUNDSNATIONAL BANKNATIONAL BANK OF SLOVAKIANON-PERFORMING LOANSNPLOUTPUTPAYMENT SYSTEMPAYMENT SYSTEMSPAYMENTS SYSTEMPENSIONPENSION FUNDPENSION FUND ASSETSPENSION FUNDSPLEDGE LAWPORTFOLIO DIVERSIFICATIONPROFITABILITYPRUDENTIAL SUPERVISIONPUBLIC DEBTRE-CAPITALIZATIONREGISTERED SECURITIESREGULATORY FRAMEWORKREORGANIZATIONREPOSRESERVERESERVESRETURNRISK MANAGEMENTRISK MANAGEMENT SYSTEMSSAFETY NETSAFETY NETSSAVINGS BANKSAVINGS BANKSSAVINGS RATESECURITIESSECURITIES EXCHANGESSECURITIES LAWSECURITIES MARKETSSECURITIES REGULATIONSETTLEMENTSETTLEMENT PERIODSETTLEMENT SYSTEMSHAREHOLDERSMALL BUSINESSSTABLE INTEREST RATESSTATE BANKSSTATE OWNED BANKSSTOCK EXCHANGESTOCK EXCHANGESSTOCKSSYSTEMIC RISKTAXTERM DEPOSITSTERRORISMTRACK RECORDTRADINGTRADING COSTSTRANSPARENCYTRUSTEESTURNOVERVOUCHER PRIVATIZATIONWORLD ECONOMYWorld Bank10.1596/12247