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Foreign instruments

Banks operating abroad must also follow the macroprudential instruments applied in the given country. Some instruments apply automatically, while others must first be recognised by Národná banka Slovenska.

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Countercyclical capital buffer (CCyB)

In European Economic Area countries, CCyB rates of up to 2.5% apply automatically to Slovak banks’ exposures in these countries. For CCyB rates higher than 2.5% to apply, they must be recognised by NBS. The current CCyB rates can be found on the webpages of the European Systemic Risk Board (ESRB) and Bank for International Settlements (BIS).

NBS may also set a CCyB rate for extra-EEA exposures. At present it has not identified any country (a so-called material third country) for which such a rate would be necessary. It has, however, recognised the CCyB rate applied by the Hong Kong Monetary Authority.

Other instruments

In Slovakia, decisions on the recognition of other foreign instruments are taken by NBS. No such decision is currently in effect.

In the past NBS adopted a decision recognising the system risk buffer rate for exposures to Estonia (additional informationrepeal of the decision).