Statement from the 1st Meeting of the Bank Board of the NBS

The 1st Meeting of the Bank Board of Narodna banka Slovenska was held on 2 January 2007, chaired by Martin Barto, Deputy Governor.

The Bank Board of the NBS discussed and approved statement of Narodna banka Slovenska on the mission and objectives of the financial market supervision. The document will be placed on the website of the NBS.

The Bank Board of the NBS discussed and approved draft decree of Narodna banka Slovenska on disclosing information by banks and branches of foreign banks.
The decree shall ensure an increase in transparency and comparability of individual banks and branches of foreign banks on the market. This can also lead to the strengthening of banks’ and branches of foreign banks’ motivation to improve their activities, strategies, control of individual risks and organization of banks’ and branches of foreign banks’ internal management, with regard to the approved Directive of the European Parliament and of the Council 2006/48/EC relating to the taking up and pursuit of the business of credit institutions.
The Decree shall become effective on 31 January 2007.

The Bank Board of the NBS decided on cutting part of the bids in a regular two-week repo tender. This decision should support the NBS’ foreign exchange market intervention of the previous week.

Igor Barat
Spokesman of the NBS

National Bank of Slovakia
Public Relations Department, Press Section
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2161,+421-2-5865 2161, +421-2-5787 2166, 421-2-5865 2166
Internet: http://www.nbs.sk

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