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Statement from the NBS Bank Board’s 12th meeting of 2022

On 20 June the Bank Board of Národná banka Slovenska held its 12th meeting of 2022, chaired by NBS Governor Peter Kažimír.

The Bank Board took note of the Bank’s Summer 2022 Economic and Monetary Developments report, which was later presented at a press conference and published on the Bank’s website.

The Bank Board approved the Bank’s June 2022 Macroprudential Commentary, which will be published on the Bank’s website.

The Bank Board discussed and approved a Decision of Národná banka Slovenska amending Decision No 2/2015 on the implementation of the Eurosystem monetary policy framework in the Slovak Republic, as amended.

The amending Decision implements changes resulting from the ECB Governing Council’s regular annual updating of the ECB’s guidelines on the implementation of monetary policy in the Eurosystem, and certain other changes. The changes concern mainly assets eligible as collateral in Eurosystem credit operations, including the gradual phasing-out of pandemic collateral easing measures introduced in April 2020. The amendment also includes several changes of a technical nature and provisions to improve the clarity of legal acts.

The Bank Board approved a Decision on the new-generation Trans-European Automated Real-time Gross Settlement Express Transfer system (TARGET) in regard to its component system in Slovakia (TARGET-SK). The Decision concerns the transition of TARGET to a new consolidated platform, which is due to be launched on 21 November 2022.

The Bank Board discussed and approved a Decree of Národná banka Slovenska amending Decree No 6/2010 of Národná banka Slovenska of 11 May 2010 laying down the elements of applications for prior approval of Národná banka Slovenska made under Section 28(1) of the Banking Act, as amended by Decree No 2/2018 of 6 February 2018.

The amending Decree stipulates the elements of applications, and how to demonstrate compliance with the conditions set out in Sections in 67 to 82 of the Banking Act (No 483/2001), for the granting of prior approval, pursuant to Section 28(1)(f) of the Banking Act, to a cover bond–issuing bank for the commencement of activities related to its first covered bond programme under Section 67(5) of the Banking Act and for any subsequent such covered bond programmes.

The Decree takes effect on 8 July 2022.

National Bank of Slovakia
Communications Section
Imricha Karvaša 1, 813 25 Bratislava

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