Publication at Faculty of Law |
2017
Abstract
As of 1 April 2017, the Czech National Bank has issued its recommendations and tightened up credit institutions in particular not to provide mortgage loans above upper limit of certain credit indicators. At present, the Chamber of Deputies discusses a government bill that aims to legalize the Czech National Bank's power to set this upper limit.
The aim of the this text is to point out some problematic legal aspects that arise from the introduction of the new competence of the Czech National Bank in the area of the mortgage market, in the context of its existing competences, following its recommendations by credit institutions and an already comprehensive legal regulation of the financial market as a whole.