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Pavel
Racocha
Chief Executive Director, Member
of the Bank Board
Czech National Bank
Born
on 23 March 1962 in Plzen. Pavel
Racocha graduated from the Faculty
of Management at the University of
Economics, Prague, and from Columbia
University in New York, where he
studied economic policy management.
In 1991, he joined the newly established
banking supervision department of
the State Bank of Czechoslovakia.
In 1996-97, he worked as a consultant
at the World Bank in Washington in
the area of financial sector development
in emerging economies. From 1998
he worked as Executive Director of
the Banking Supervision Group at
the CNB.
He
has participated in a number of internships
in the USA, Germany, France, Japan
and elsewhere, focusing on banking,
risk management and issues of banking
regulation and supervision. He is
a member of the Core Principles Liaison
Group of the Basle Committee on Banking
Supervision at the Bank for International
Settlements in Basle, which is engaged
in developing core principles for
effective banking supervision, and
has contributed to the development
of a new concept of capital adequacy
for banks. He is a member of the
steering committee of a joint project
of the Czech National Bank, the Czech
Banking Association and the Chamber
of Auditors to implement the new
capital adequacy rules in the Czech
Republic. In 1999-2001, as a member
of the steering committee for the
privatisation of banks, he contributed
to the successful privatisation of
Ceskoslovenská obchodní
banka, Ceská sporitelna and
Komercní banka. In 1999-2001
he was project leader of the banking
component of the European Commission's
programme of technical assistance
to the CNB (known as "twinning")
in the area of the acquis communautaire
regarding bank regulation and supervision.
He is a member of the advisory body
to the Presidium of the Securities
Commission. He collaborates with
the International Monetary Fund in
the area of banking supervision and
regulation development in emerging
economies. He lectures at seminars
and conferences on banking in the
Czech Republic and abroad.
Since
13 February 1999, he has been a member
of the CNB Bank Board.
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