CNB creates stability wing in bid to beef up systemic oversight
The Czech National Bank (CNB) will create a new financial stability wing in a bid to strengthen systemic oversight.
The central bank said on Wednesday that the financial stability department will split from the economic research wing and become an independent unit as of 1 October.
The change will make it easier for the board to receive information and make decisions relating to financial stability. Previously, there was no direct communication between the board and those tasked with financial
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