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BANKING

Outcomes: During the internship
in Hrvatska narodna banka, the ex- This Programme and the results achieved illustrate
perience of this central bank in terms the beautiful world of central banks, a space in which
of bank resolution planning and par-
ticipation in the EU Single Resolution banks do not compete with each other, but cooper-
Mechanism was shared. The most rel- ate and help each other. This is because they have
evant aspects of bank resolution were
reviewed, such as determining of the common goals - low and stable inflation, financial
bank resolution strategies, determin- stability, better consumer protection. All of this, in a
ing of the minimum requirements for broader context, only brings benefits to citizens and
own funds and eligible liabilities (MREL)
and assessing banks’ resolvability. Thе businesses
acquired knowledge helped in drafting
the bylaws, establishing the institution-
al framework to perform the new func- framework in the Banco de Portugal
tion and building capacities to carry out and in particular the assessment of the
the bank resolution mandate, ensuring acceptable level of risk exposure and
readiness to successfully address future the monitoring of key risk indicators.
challenges. At the same time, special attention was
paid to Banco de Portugal‘s Awareness
Improving operational risk manage- Program and development of institu-
ment (in cooperation with Banco de tional capacity for operational risks.
Portugal) Practical application of the acquired
Initial state of play: The National knowledge is expected to bring optimi-
Bank‘s operational risk management zation of the operational risk manage-
framework provides a system for co- ment process, introduction of a formal
ordinated, comprehensive and system- Risk Appetite Statement and strength-
atic management of operational risks. ening of the organizational risk culture
Its objective is to identify in a timely and awareness.
manner events that may affect the Na- The bilateral measures implement-
tional Bank‘s operations, to maintain ed within the Regional Programme
exposure within acceptable limits and brought transformative effects in sev-
to enable the successful achievement eral areas of the National Bank‘s oper-
of strategic objectives. Operational risk ations. Learning from the experiences
management at the National Bank is of European colleagues, the National
aligned with international standards, Bank significantly strengthened its in-
principles and practices of central ternal work processes. Cooperation in
banks. In order to further strengthen each of the areas directly addressed
operational resilience, the National the existing needs, provided practical
Bank recognizes the need to improve guidelines in the operations and laid
the process by simplifying procedures, the foundations for long-term insti-
refining the scope, improving informa- tutional strengthening in accordance
tion collection and streamlining risk with European standards.
reporting. This Programme and the results
Outcomes: The cooperation with achieved illustrate the beautiful world
Banco de Portugal aimed to deepen the of central banks, a space in which banks
knowledge and improve the capacities do not compete with each other, but
of the NBRNM for further development cooperate and help each other. This is
and optimization of the operation- because they have common goals - low
al risk management framework. The and stable inflation, financial stability,
practical work covered several key ar- better consumer protection. All of this,
eas that meant better familiarization in a broader context, only brings bene-
with the operational risk management fits to citizens and businesses.

488 15 октомври 2025