Czech Banking Association (CBA)
Czech Banking Association appeared as a non-formal entity under its original name Banking Association in 1990. It was registered as a voluntary association of legal persons, doing business in banking and in closely connected areas. Membership has two forms:
- full membership, reserved for banks and for branches of foreign banks, licensed by the Czech National Bank
- associate membership, opened primarily to representative offices of foreign banks and to auxiliary organisations, related to the banking sector.
Czech Banking Association associates currently 37 banks and branches of foreign banks with full membership status, forming 99 per cent of the banking sector.
The key activity objects of the CBA are:
- to represent and to promote the common interests of its members in the Parliament, Government, Czech National Bank and towards other legal entities
- to present the role and the interests of the banking sector to the public and abroad
- to participate in the standardisation of the banking practices and to support the harmonisation of the banking laws with the EU legislation.
The pillar of the CBA activities consists in an active involvement in the preparation of laws and lower legal provisions, regulating banking supervision, credit transfer, capital market, securities, mortgage banking, accounting and taxes, internal audit, in the prevention of the financial criminality and in the measures against legalisation of the proceeds of the criminal activities, in organising professional seminars and in the development of working contacts with the regulatory bodies and with other players of the financial market, in issuing the deliberative standards of the banking activities etc.
CBA became on 1 July 2004 a full member of the European Banking Federation (EBF/FBE) - after eight years of correspondent membership. EBF/FBE is an organisation of the banking associations of the EU countries, Norway, Switzerland and Iceland (full members) and of the further banking associations of Andorra, Monaco, of the East and South-Eastern Europe incl. Russia and Turkey (associate members).
EBF/FBE is the most important non-governmental partner of the EU bodies in banking. EBF/FBE represents the interests of more than 5000 European banks, that manage total assets exceeding 20000 billions EURO and employ over 2.3 million persons.
On 1 June 2004 the CBA acceded to the European Payments Council (EPC). EPC is a decision-making and co-ordinating body, that roofs the European banking sector in the credit transfer and payments sphere. Its basic function is to support a build-up of the Single Euro Payments Area – SEPA – i.e. a sphere, within which the basic payment categories will be conducted under the same terms, like simplicity, cost etc. – irrespective, whether in domestic or in border transgressing service. EPC has 64 members - banks and banking associations, representing various segments of banking - from 27 European countries. EPC promotes the development of the pan-European payment instruments by means of the self-regulating activities in banking, it co-operates closely with the EU regulators, particularly with the European Central Bank, the European Commission and the Eurosystem.