The representatives of banking supervisors of Croatia, Austria and Italy met today at the Croatian National Bank with the representatives of the largest domestic banks and their foreign parent banking groups for their regular annual meeting. The representatives of the European Central Bank, the European Banking Authority, the European Bank for Reconstruction and Development, the European Investment Bank, the European Systemic Risk Board, the European Commission and the International Monetary Fund also participated in the meeting.

The meeting was organised within the so called Second Vienna Initiative and the participants discussed Croatia's financial stability and economic outlook for this year and for the upcoming years, as well as the regulatory and institutional implications of the Single Supervisory Mechanism, especially regarding the asset quality review. The novelties brought by through the comprehensive new regulations in relation to capital standards were also discussed, and special attention was given to the issues related to capitalisation and non-performing loans resolution. The participants also talked about business strategies of banks in this year and in the upcoming years.