World Bank2012-06-142012-06-142008-07https://hdl.handle.net/10986/8059This 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.CC BY 3.0 IGOACCOUNTINGACCOUNTING STANDARDSAFFILIATESASSET MANAGEMENTASSET MANAGEMENT COMPANIESASSET PRICEASSET PRICESAUDITORSAUDITSBALANCE SHEETBALANCE SHEETSBANK ASSETSBANK BALANCE SHEETSBANK BORROWERSBANK CREDITBANK EXPOSUREBANK LENDINGBANK LOANSBANK SUPERVISIONBANKING INSTITUTIONSBANKING SECTORBANKING SECTOR ASSETSBANKING SYSTEMBANKRUPTCYBASIS POINTSBONDBOND INDEXBOND ISSUANCEBOND MARKETBOND MARKET CAPITALIZATIONBOND RULEBOND TRADINGBORROWERBROKERAGEBROKERAGE FIRMSBROKERSCADASTRECAPITAL ACCOUNTCAPITAL ADEQUACYCAPITAL ADEQUACY DIRECTIVECAPITAL ADEQUACY RATIOSCAPITAL BASECAPITAL GAINSCAPITAL INFLOWSCAPITAL MARKETCAPITAL MARKETSCAPITAL REQUIREMENTCOLLATERALCOLLATERAL REQUIREMENTSCOLLECTIVE INVESTMENTCOMMERCIAL BANKCOMMERCIAL BANKINGCOMMERCIAL BANKSCOMMERCIAL PAPERCONSOLIDATIONCONTINGENCY PLANNINGCORPORATE DEBTCORPORATE DEBT SECURITIESCORPORATE GOVERNANCECREDIT EXPANSIONCREDIT GROWTHCREDIT RATINGCREDIT RISKSCREDITORSCROATIAN NATIONAL BANKCURRENT ACCOUNT DEFICITCUSTODYDEBT FINANCINGDEPOSITDEPOSIT INSURANCEDEPOSITORSDEPOSITSDISCLOSURE REQUIREMENTSDISINTERMEDIATIONDOMESTIC DEBTEMERGING MARKETEMERGING MARKET BONDEMPLOYMENTEQUITIESEQUITY CAPITALEQUITY HOLDINGSEQUITY MARKETEXCESS LIQUIDITYEXCHANGE RATEEXTERNAL DEBTFINANCIAL ACCOUNTINGFINANCIAL CONGLOMERATESFINANCIAL INSTITUTIONSFINANCIAL INSTRUMENTSFINANCIAL MARKETFINANCIAL RISKFINANCIAL SAFETY NETSFINANCIAL SERVICESFINANCIAL STABILITYFINANCIAL STATEMENTSFINANCIAL SYSTEMFISCAL POLICYFOREIGN ASSETSFOREIGN BANKSFOREIGN CURRENCIESFOREIGN CURRENCYFOREIGN DEBTFOREIGN EXCHANGEGOVERNANCE STANDARDSGOVERNMENT BONDGOVERNMENT BONDSGOVERNMENT SECURITIESHOLDINGSHOUSINGINDEBTEDNESSINFLATIONINSIDER TRADINGINSTITUTIONAL CAPACITYINSTITUTIONAL INVESTORSINSURANCEINSURANCE COMPANYINSURANCE PRODUCTSINTEREST RATEINTEREST RATESINTERNATIONAL STANDARDSINVESTMENT BANKINGINVESTMENT FUNDINVESTMENT POLICIESINVESTOR BASEINVESTOR DEMANDIPOISSUANCEISSUANCESJOINT STOCK COMPANIESLAND RECORDSLAWSLEGAL FRAMEWORKLEGAL PROVISIONSLEGAL SYSTEMLEGISLATIONLENDERLEVYLIABILITYLIFE INSURANCELIFE INSURANCE COMPANIESLIQUIDATIONLIQUIDITYLIQUIDITY CRISISLIQUIDITY MANAGEMENTLIQUIDITY PROBLEMSLOANLOAN CONTRACTSLOAN OFFICERSLOAN PORTFOLIOSLOCAL BANKSLONG-TERM INSTRUMENTSMACROECONOMIC STABILITYMANDATORY PENSION FUNDMANDATORY PENSION FUNDSMARKET CAPMARKET CAPITALIZATIONMARKET SHAREMARKET SHARESMARKET TURNOVERMARKET VALUEMATURITIESMATURITYMINIMUM CAPITAL REQUIREMENTMONETARY POLICYMONEY MARKETMORTGAGEMORTGAGE LOANMOVABLE PROPERTYMUNICIPALITIESNATIONAL BANKNET PROFITNET PROFIT MARGINNONBANK FINANCIAL INSTITUTIONSOPERATING COSTSOUTSTANDING STOCKOWNERSHIP STRUCTURESPENSIONPENSION FUNDPENSION FUNDSPENSIONSPLEDGESPORTFOLIOSPRODUCTIVITYPROFIT MARGINPROFITABILITYPUBLIC DEBTPUBLIC MARKETPUBLIC POLICYREGULATORY AUTHORITIESREGULATORY CAPACITYREGULATORY FRAMEWORKRESERVERESERVE REQUIREMENTRESERVE REQUIREMENTSRESERVESRETURNRETURNSRISK EXPOSURESRISK MANAGEMENTRISK MANAGEMENT SYSTEMSSAFETY NETSSECURITIESSECURITIES MARKETSECURITIES MARKETSSETTLEMENTSHAREHOLDERSHAREHOLDERSSMALL BANKSSOLVENCYSOVEREIGN BONDSSTOCK EXCHANGESTOCK MARKETSTOCK MARKETSSUBSIDIARIESSUBSIDIARYSUPERVISORY AGENCIESSUPERVISORY AGENCYSUPERVISORY AUTHORITIESSUPERVISORY AUTHORITYSUPERVISORY BOARDSUPERVISORY BOARDSSUPERVISORY FRAMEWORKSVERIGES RIKSBANKSYSTEMIC RISKT-BILLSTAXTECHNICAL ASSISTANCETRANSPARENCYVALUATIONVALUATIONSWARRANTSYIELD CURVEWorld Bank10.1596/8059