Towards the end of 2022 – for the fourth time – we analyzed how the fines imposed by the Supervisory Authority changed, which sectors were affected by the largest fines and what were the actions imposed by the Supervisory Authority for financial sector participants. Among the perceived deficiencies, there is a significant focus related to market manipulation and AML activity. Furthermore, the stakeholders need to put more emphasis on preventing insider trading, managing credit risk and correctly calculating capital adequacy, as well as providing the MNB with adequate information and corporate governance aspects. Our last year’s newsletter on the subject is available here
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