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NBS supports the implementation of the Basel III reforms into the EU legislative framework

In autumn 2021 the European Commission will publish a legislative proposal to update capital adequacy requirements for banks. Národná banka Slovenska (NBS) has joined an initiative of 25 EU central banks and financial supervisory authorities aimed at supporting the implementation of the globally agreed principles known as Basel III. The initiative emphasises the requirement that the output floor calculation applied to risk-weighted assets and the standardised approach to credit risk should be compliant with international agreements and that the EU should not introduce any EU-specific deviations from the rules. It also stresses the need to have the requirements implemented at all level of consolidation, which, from the point of view of NBS, is very important for ensuring the stability of the Slovak banking sector.

Joint letter concerning Basel III

National Bank of Slovakia
Communications Section
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic

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