Statement from the NBS Bank Board’s 1st meeting of 2021
The Bank Board of Národná banka Slovenska today (12 January) held its 1st meeting of 2021, chaired by NBS Governor Peter Kažimír.
The Bank Board approved a Recommendation of Národná banka Slovenska on capital and profit distribution by banks during the COVID-19 pandemic.
The purpose of the Recommendation is to urge banks to retain capital so as to strengthen the financial sector’s resilience and its ability to support economic recovery. Capital retention will support the banking sector’s loss-absorption capacities, its lending to the real economy, and the preservation of its vital functions. The Recommendation builds on recommendations issued by the European Systemic Risk Board and European Central Bank on 15 December 2020.
The NBS Recommendation will be in effect from 1 February 2021 to 30 September 2021.
The Bank Board approved a Decree of Národná banka Slovenska amending Decree No 16/2007 of Národná banka Slovenska on reporting by stock exchanges and central securities depositories for the purposes of financial market supervision, as amended.
The Decree lays down the procedure by which settlement fails in securities settlement systems operated by central securities depositories are to be reported to Národná banka Slovenska; it requires such fails to be reported electronically via NBS’s Statistics Collection Portal.
The Decree takes effect on the date of the entry into force of Commission Delegated Regulation (EU) 2018/1229 of 25 May 2018 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on settlement discipline.
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