CNB's Racocha on payments systems

In the speech 'Payments systems and financial stability' given on 8 July Pavel Racocha of the Czech National Bank said the main and most real challenge connected with the payment system in the Czech Republic is EU accession. Legal changes have already taken place and have been successfully implemented.

"Payment systems also play an important role in specifying the legal foundation of financial stability analysis. The financial stability issue nowadays plays an important role in the operations of

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