Statement from the NBS Bank Board’s 6th meeting of 2022

On 29 March, the Bank Board of Národná banka Slovenska held its 6th meeting of 2022, chaired by NBS Governor Peter Kažimír.

The Bank Board approved the Report on the Activities of the Financial Market Supervision Unit of Národná banka Slovenska for 2021, which will be published on the NBS website.

The Bank Board approved the Report on the Consumer Protection Activities of the Financial Market Supervision Unit of Národná banka Slovenska for 2021, which will be published on the NBS website.

The Bank Board approved a Decree of Národná banka Slovenska amending Decree No 1/2016 of Národná banka Slovenska of 26 January 2016 on reporting by insurance undertakings not subject to a special regime and by reinsurance undertakings.

The purpose of the amending Decree is, firstly, to extend the reporting obligation by requiring, for the purposes of off-site supervision, the submission of a statement on technical aspects of insurance, a statement on the distribution of insurance, and a report on the audit firm and statutory auditors selected to conduct a statutory audit, and, secondly, to make certain adjustments to the templates and methodology for statements whose submission is already required.

The Decree takes effect on 1 May 2022.

The Bank Board approved a Decree of Národná banka Slovenska on reporting by branches of foreign insurance undertakings and branches of foreign reinsurance undertakings.

The Decree lays down the method for submitting, in respect of branches of foreign insurance undertakings and branches of foreign reinsurance undertakings, the following: annual statements, quarterly statements, statements for separately managed funds, and other statements and reports, including regular reports for the supervisory authority, own risk and solvency assessment reports for the supervisory authority, and solvency and financial condition reports. The Decree further defines the disposability of assets and own funds of branches for the purpose of determining a prior right to the satisfaction of insurance claims.

The Decree takes effect on 1 May 2022.

The Bank Board assessed the extent of risks of a cyclical nature and approved the Bank’s March 2022 Macroprudential Commentary, which will be published on the NBS website.

Peter Majer
NBS Spokesperson

National Bank of Slovakia
Communications Section
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Contact: press@nbs.sk

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