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Financial supervision in the EU - comparison of the CR and Great Britain
Loub, David ; Sedláková, Lenka (referee) ; Kopřiva, Jan (advisor)
On the first April 2006 came to the turning point in the Czech Republic in the sphere of supervision and regulation over financial market, whereby approach more ideal European markets. In the master's thesis I focus on the present state of supervision and regulation of the financial market in CR, but also on system development before the 1. April 2006. I also deal with operating system on the financial market in Great Britain. The aim of my thesis is comparison of supervision and regulation in the Czech Republic and Great Britain.
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Banking Secrecy
Sýkora, Marek ; Kotáb, Petr (advisor) ; Vybíral, Roman (referee)
Banking Secrecy Abstract The thesis deals with the topic of banking secrecy in the context of the laws of the Czech Republic with the main focus being the so-called practical exceptions to banking secrecy, i.e. the exceptions that are not expressly provided for by the laws but were inferred by the interpretation given by the Czech National Bank as banking supervisory authority or by court decisions. These are mainly the exceptions that can be used by the bank in carrying out certain procedures that are important for its operations. The need for these exceptions is due to the not very satisfactory statutory regulation of banking secrecy, particularly the exceptions to it in the Act on Banks, that this thesis points out, among other things, in conjunction with the objective impossibility (or impracticability or inappropriateness) to obtain the client's consent in these cases. In the first chapter, the thesis provides a description of the basic characteristics and main aspects of banking secrecy arising from the legislation, the interpretative practice of the Czech National Bank, court decisions, and legal doctrine. In the second chapter, the basic outline of the issue of the exceptions to banking secrecy is given, including the categorization thereof and highlighting of some exceptions and aspects that cause...
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Vliv změn úrokových sazeb na odvětví faktoringu
Hamerská, Marie
The diploma thesis deals with the relationship between interest rates and the factoring market in the Czech Republic. Using econometric modelling it describes and quantifies the effect of interest rates on factoring indicators. The modelling results are interpreted on the behaviour of a specific company.
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The Czech National Bank, its legal position and scope of activities
Filípková, Olga ; Bakeš, Milan (advisor) ; Kohajda, Michael (referee)
The Czech National Bank, its legal position and scope of activities This diploma thesis evaluates the legal position and scope of activities of the Czech National Bank through the analysis of the current legislation, literature and other sources. Partial aspects affecting the legal position and activities of the Czech National Bank are described separately, but due to their mutual connections it is important to see them as a part of the whole context. The thesis also points at questionable issues and offers both expert's as well as author's attitudes. This diploma thesis is divided into five chapters. The first chapter characterizes central banking itself, defines the role of the central bank in the banking system, shows the differences in conception of central bank and outlines the methods of establishing of central banks. The second chapter briefly describes the evolution of central banking in our country, focusing on the importance of historical events, which contributed to the creation of the Czech National Bank, as we know it today. Historical excursion begins with a period of Austro-Hungarian Empire and continues to the present. The third chapter consists of logically organized overview of particular aspects of the legal position of the Czech National Bank, including relations with other...
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On Supervision of Financial Markets by Czech National Bank
Skácelík, David ; Marková, Hana (advisor) ; Kohajda, Michael (referee) ; Švarc, Zbyněk (referee)
1 Abstract This work deals with the performance of supervision over the financial market and the entities operating in the financial market. Part of the work is devoted to consumer protection in the financial market and compensation systems. Because of the fact that the Czech Republic became a member of the European Union in 2004, this work includes also legislation of regulation and supervision of this level, as this treatment significantly predetermines Czech adjustment. Following questions were examined as an example of protecting the interests of clients of supervised entities: - whether there are any tools to protect the client's interests at the level of supervised entities, - what kind of role the supervisory authority has or may have in relation between a supervised entity and its client, - how are the client's financial interests protected in the event of failure of the supervised entity and whether this protection is de lege lata sufficient. The theoretical part of the work briefly describes the institute of supervision, its assorting and forms. The authority of supervisor is discussed in the next part together with the regulations under which the supervision is conducted. Owing to the fact that the scope of supervisory activity of the Czech National Bank is quite extensive, and the objective of...
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The status and activities of the Czech National Bank in the context of European development
Kočová, Olga ; Bakeš, Milan (advisor) ; Kohajda, Michael (referee)
Title: The status and activities of the Czech National Bank in the context of European development Abstract The aim of this thesis is to analyze the legal status, power and scope of activities of the Czech National Bank as the central bank of the Czech Republic with regard to the historical development of this institution and the development of European legislation. The main part of the thesis is focused on possible impacts of euro adoption in the Czech Republic, mainly the impact on legislature, the status and activities of the Czech National Bank. Introductory chapters focus on the historical development and institutional framework of central banks in our country, followed by the description of the main features of the Czech National Bank, with a focus on monetary policy, regulation and supervision of financial markets. The last two chapters deal with the issue of the European Monetary Union, the adoption of the common European currency and the fulfillment of the convergence criteria in the Czech Republic. Keywords Czech National Bank, European Economic and Monetary union, monetary policy and euro
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The legal and economic aspects of the supervision of the credit union sector in the Czech Republic by the Czech National Bank
Valenta, Pavel ; Seknička, Pavel (advisor) ; Dupáková, Lenka (referee)
This thesis focuses on the legal and economic aspects of the supervision of the credit union sector in the Czech Republic by the Czech National Bank (CNB). The central point of interest is the case study of the credit union WPB Capital, which in 2014 had its operating licence revoked for illegal operations, namely the acquisition of prohibited securities and the provision of financial assistance to acquire additional member deposits, contrary to the CNB's interpretation. The work is based on the author's involvement in the case and uses authentic documents from the administrative proceedings and judicial review, as well as other relevant materials. The first part is devoted to the theoretical background of the financial market and credit unions. This is followed by an analysis of CNB supervision and a historical overview of the development of credit unions in the Czech Republic. The legal framework and instruments are then discussed in the context of the WPB Capital case study. The aim of the paper is to assess the compliance of the activities of the examined entity with the law and European legislation and to evaluate the justification of the CNB's action. The thesis emphasises theoretical analysis and practical applications, including comparison with other credit unions and current case law....
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Hodnocení vlivu devizových intervencí ČNB na export České republiky
Prejdová, Jana
This paper is studying forex interventions implemented by the Czech national bank since November 2013 and their effects on the Czech Republic's export. The area of interest of this paper is the period since 2005 to January 2016. The first section of the bachelor thesis studies monetary policy and foreign trade of the Czech Republic in the period of focus. Next part focuses on the change in strategy of central banks after the global financial crisis and theoretic findings of the Marshall-Lerner condition and the J-Curve for foreign trade. In the second main section of this paper there are estimated import and export elasticities using Mandel's (1994) methodology. The elasticities are later used to determine if the Marshall-Lerner condition is met in the studied period for the trade between the Czech Republic and its main trading partners.
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Inflation Trends in the Czech Economy 1990-2006 (Documentational Survey)
PROKOPOVÁ, Kateřina
The aim of this bachelor work is to describe the summary documentation of inflation trends from the early 1990s up to present. The first part si presents the inflation primary information, its determination by the Czech National Bank, its stages and forms. There are the rate of inflation characterization and its konds at not least.The secon section is focused into the chronological developnemt of inflation in the Czech Republic divided itno five parts: the transtormation beginning (1990-1993), the trend of prices in 1994-1998, the perion 1999-2001, the inflation progress in 2002-2005 and the first three months of 2006.
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