Dilemata českého dozoru finančních trhů [available in Czech only]

Regulation and supervision of financial markets are frequent topics of economic theory and practise. Structure and responsibilities of supervising institutions are still among open problems of the economic policy of the Czech Republic. Currently four institutions share the supervision of Czech financial markets. These institutions differ by their legal statuses, rights and procedures. Some institutions have an internal conflict of their targets. A programme of two step integration was adopted in the Czech Republic. This minimises institutional risks and followed doubtless integration trends in developed countries. This solution also gives some space for another changes after an expected EMU membership.