Český finanční a účetní časopis 2026(3):26-39

20 years of the abolition of the Securities and Exchange Commission

Petr Musílek

The paper discusses economic, non-economic and other factors of changes in the supervisory structure of the financial market in the territory of the present-day Czech Republic. The introductory part of the paper discusses the development of regulation and supervision of the Czech financial market. The next part explains the variants of the institutional structure of supervision, including their advantages and disadvantages. The surprising Czech solution to the integration of supervision is also discussed. The final part of the paper discusses the impacts of an inappropriate level of regulation and supervision on the Czech capital market.

Keywords: Securities and Exchange Commission, Czech National Bank, Financial Market Commission, supervision integration

Published: October 28, 2026  Show citation

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Musílek, P. (2026). 20 years of the abolition of the Securities and Exchange Commission. Czech Financial and Accounting Journal, 2026(3), 26-39
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