Resource information
This 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.
