Στην παρούσα εργασία γίνεται αναφορά στη πρακτική Ρύθμισης και Εποπτείας των Αγορών Χρήματος και Κεφαλαίου, στα προβλήματα που παρουσιάζουν, καθώς και σε προτάσεις βελτίωσης του σημερινού συστήματος. / In the present work we report the practice of regulation and supervision of money and capital markets, the problems they present, as well as suggestions for improving the current system.

This diploma thesis is focused on the financial market supervision, especially on terms and conditions of entry into the financial market and the role of the Czech National Bank in this area. The thesis mentions some arguments for the need of financial market regulation and supervision and explains the importance of the quality licence system. There is also an analysis on institutional organization of financial market regulation and supervision and contemporary trends. The thesis compares and contrasts legislation on licences for different types of the financial institutions. Together with development of the financial market and the economic situation in the Czech Republic during the past 20 years (1989 -- 2009) the thesis also points out substantial changes and improvements in primary and secondary legislation in the area of licensing.

The thesis reflects current issue of banking M&A in Europe and its consequences in the regulatory and supervisory area. The thesis sets a general topic of M&A into context of the banking industry. It drops the typology of consolidation entities, methods and reasons for consolidation. It examines the regulatory framework with accent on contemporary trends, namely the financial crisis and its impact into the regulatory and supervisory framework.