Czech National Bank

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Czech National Bank
Logo cnb en.gif
Founded 1993
Headquarters Prague, Czech Republic
Key People Zdenek Tuma, Governor
Ludek Niedermayer, Vice Governor
Miroslav Singer, Vice Governor
Mojmir Hampl, Chief Executive Director
Robert Holman, Chief Executive Director
Pavel Rezabek, Chief Executive Director
Vladimir Tomsik, Chief Executive Director
Website http://www.cnb.cz

The Czech National Bank (CNB) [1] is responsible for supervision of the financial market in the Czech Republic.

Organization and Purpose

The primary objective of the CNB is to maintain price stability. The CNB sets monetary policy, issues banknotes and coins and manages the circulation of currency, the payment system and settlements between banks. It also performs supervision of the banking sector, the capital market, the insurance industry, pension funds, credit unions and electronic money institutions, as well as foreign exchange supervision. The CNB is a member of the Committee of European Securities Regulators. Pavel Hollmann serves as CNB's representative on the Committee.

History

Financial market supervision was integrated into the mandate of the Czech National Bank on April 1, 2006 when the CNB took over the work of the Czech Securities Commission, the Ministry of Finance's Office for Supervision of Insurance and Supplementary Pension Insurance and the Office for Supervision of Credit Unions.

References

  1. About CNB. Czech National Bank.

Resources

http://www.cnb.cz/en/about_cnb/