The Croatian Financial Services Supervisory Agency (Hanfa) briefed its Council on Croatia’s OECD accession work and sector developments, alongside a new Macroprudential Risk Scanner assessment showing that systemic risks in the financial services sector remained elevated in the third quarter of 2025. The review pointed to persistent inflationary pressures and continued property price growth as key risk sources, while noting that insurers’ and leasing companies’ stable capital positions support the sector’s capacity to absorb shocks. The Scanner also reported relatively positive financial market trends, supported by reduced volatility and low risk premiums, which contributed to asset growth and stable returns for domestic funds while maintaining satisfactory liquidity. At the same time, geopolitical tensions and volatile investor sentiment were flagged as potential destabilising factors, particularly given overvaluation in some equity markets, with interest rate risk identified as a dominant channel for spillovers to fund portfolios. The Council also heard updates from the Association of Leasing Companies on implementation of the Fiscalisation Act (in force since 1 January 2026) and e-invoice exchange, and from the Association of Pension Companies and Pension Insurance Companies on planned pension-sector legislative amendments, alongside an overview from the Ministry of Finance of planned legislative activities across banking, accounting and auditing, and financial markets and financial literacy.

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