Financial market supervision

Supervision of the financial market in Slovakia has been integrated since 2006, when the central bank, Národná banka Slovenska (NBS), took over the supervision of financial market participants in the banking, capital market, insurance and pension fund sectors. General rules of procedure for supervision of the financial market are laid down in the Financial Market Supervision Act.

NBS is a party to the European System of Financial Supervision (ESFS), which was established on 1 January 2011 and is in charge of ensuring the supervision of the EU’s financial system.

Since June 2013 NBS has been authorised to conduct macroprudential policy as part of its supervision of the financial market. Its task in this regard is to identify, monitor and mitigate systemic risks to the financial system and thereby support the stability of the financial system as a whole.

NBS participates in the Single Supervisory Mechanism (SSM), which entered into operation in November 2014 as the first pillar of the EU banking union. The banking union project was instigated in response to the global economic and financial crisis.

As from January 2015, Národná banka Slovenska:

• is the competent authority for consumer protection in the Slovak financial market, and as such it oversees the protection of the rights of financial consumers so as to support the secure and sound functioning of the financial market;
• provides expertise to and supports the Resolution Council, which is the national resolution authority for institutions in Slovakia’s financial sector and part of the Single Resolution Mechanism (the second pillar of the banking union). 

News

29.9.2023
On 14 September 2023 European Commission published the public consultation and targeted consultation with respect to the implementation of the regulation on disclosure of information on sustainable finance (SFDR), addressed to the general public as well as financial institutions. EC will consider the responses received by 15 December 2023.

27.7.2023
On 25 July 2023 EBA published the Consultation on the Guidelines on the application of the group capital test for investment firm groups. EBA will consider the responses received by 25 October 2023. A virtual public hearing will be held on 5th September from 10 to 11:30 Paris time. more

12.7.2023
On 12 July 2023 ESMA published the Consultation on the Technical Standards specifying certain requirements of MiCA (1st package). more

11.7.2023
On 11 July 2023 ESMA published the Public Statement on the sustainability disclosure expected to be included in prospectuses. more

6.7.2023
On 30 June 2023 ESMA published the Final Report on the implementation and functioning of the Intra-day Volatility Management Mechanism. more

19.6.2023
On 13 July 2023, ESAs (EBA, EIOPA and ESMA) will jointly hold a public hearing to present the first batch of consultation papers on the mandates stemming from the Digital Operational Resilience Act (DORA) and to obtain market participants’ initial views. Interested stakeholders are invited to register using the Registration form by 16:00 CET on 10 July 2023. 

18.6.2023
On 16 June 2023, ESMA published the  Call for evidence on the integration of sustainability preferences in the suitability assessment and product governance arrangements. ESMA will consider the responses received by 15 September 2023. more

30.5.2023
On 26 May 2023, ESMA published the Joint European Supervisory Authority Discussion paper on DORA. ESMA will consider the responses received by 23 June 2023. more

30.5.2023
On 25 May 2023, ESMA published the Consultation on draft implementing technical standards amending the mapping of ECAIs’ credit assessments. ESMA will consider the responses received by 26 June 2023. more

30.5.2023
On 23 May 2023, ESMA published the Consultaton Paper on RTS under the revised ELTIF Regulation. ESMA will consider the responses received by 24 August 2023. more

12.4.2023
On 12 April 2023, ESMA published the Joint Consultation Paper on the Review of SFDR Delegated Regulation regarding PAI and financial product disclosures. ESMA will consider the responses received by 4 July 2023. more

19.1.2023
On 19 January 2023, ESMA published the Consultation Paper – Manual on post-trade transparency. ESMA will consider the responses received by 31 March 2023. more

13.1.2023
On 13 January 2023, NBS published the Q&A document “Otázky a odpovede Národnej banky Slovenska k Usmerneniam ESMA o výkonnostných poplatkoch v UCITS a niektorých typoch AIF“.

26.11.2022
On 15 November 2022, ESMA published the  Call for Evidence on Greenwashing. ESMA will consider the responses received by 10 January 2023. more

8.9.2022
On 11 October 2022 ESMA organises virtual workshop on post trade transparency. more

29.7.2022
On 29 July 2022, ESMA published the Call for Evidence on pre-hedging. ESMA will consider the responses received by 30 September 2022. more

24.5.2022
On 2 May 2022, EBA published the Discussion Paper on the role of the environmental risks in the prudential framework for credit institutions and investment firms . EBA will consider the responses received by 2 August 2022. more

19.4.2022
On 4 April 2022, the European Commission published the Targeted consultation on the functioning of the  ESG ratings market in the EU and on the consideration of ESG factors in credit ratings . The Commission will consider all responses received by 6 June 2022.

31.3.2022
The Bank Board of Národná banka Slovenska at its meeting held on 29 March 2022 discussed and approved the Macroprudential Commentary – March 2022 (in Slovak language only) and kept the countercyclical capital buffer rate at 1.00%

4.2.2022
On 4 January 2022 ESMA published the Call for evidence – DLT Pilot Regime and review of MiFIR RTS on transparency and reporting. ESMA will consider the responses received by 4 March 2022. more

3.2.2022
On 3 February 2022 ESMA published the Call for Evidence on Market Characteristics for ESG Rating Providers in the EU. ESMA will consider the responses received by 11 March 2022. more

22.12.2021
The Bank Board of Národná banka Slovenska at its meeting held on 20 December 2021 discussed and approved the Macroprudential Commentary – December 2021 and kept the countercyclical capital buffer rate at 1.00%

15.12.2021
On 14 December 2021  ESMA published PUBLIC STATEMENT on transfer of competences and duties relating to certain data reporting services providers from National Competent Authorities to ESMA.

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