Statement from the NBS Bank Board’s 23rd meeting of 2023
On 5 December 2023 the Bank Board of Národná banka Slovenska (NBS) held its 23rd meeting of the year, chaired by NBS Governor Peter Kažimír.
The Bank Board discussed and approved an NBS Decree on the submission of covered bond register and mortgage register reports for supervisory purposes. The Decree lays down the harmonised content, scope of data and templates for covered bond register and mortgage register reports, including instructions for their preparation. The Decree includes five annexes pertaining to particular covered bond programmes, in order to ensure that data are completed in a uniform manner and are transmitted to NBS via its Statistics Collection Portal information system. The Decree takes effect on 31 December 2023.
The Bank Board approved an NBS Decree amending NBS Decree No 7/2021 of 21 June 2021 on reporting for statistical purposes by payment institutions, branches of foreign payment institutions, electronic money institutions and branches of foreign electronic money institutions. The Decree accommodates requirements of NBS and the European Central Bank, as well as requirements arising in the light of experience of reporting by the entities concerned. In addition, it modifies the content and scope of data to be included in individual reports. The Decree takes effect on 1 July 2024.
The Bank Board approved an NBS Decree amending NBS Decree No 8/2021 of 21 June 2021 on reporting for statistical purposes by banks, branches of foreign banks, investment firms and branches of foreign investment firms. The Decree accommodates requirements of NBS and the European Central Bank, as well as requirements arising in the light of experience of reporting by the entities concerned. In addition, it modifies the content and scope of the data to be included in individual reports. Some of the Decree’s provisions take effect on 1 July 2024, others on 1 January 2025.
The Bank Board discussed and approved an NBS Decree amending NBS Decree No 280/2018 on reporting in accordance with the Foreign Exchange Act. The Decree increases the threshold value at which foreign assets or foreign liabilities become subject to a reporting obligation, from €2,000,000 to €8,000,000. It also provides some methodological clarification for individual reports. The Decree takes effect on 1 January 2024.
The Bank Board discussed and approved an NBS Decree on the Register of Bank Loans and Guarantees. The Decree is intended to accommodate suggestions and requirements made by financial market participants, as well as by NBS itself and arising in the light of experience of the current operation of the Register of Bank Loans and Guarantees. In this Decree, NBS conceptually improves the readability of the Decree and makes provision for the issuance of electronic extracts from the Register of Bank Loans and Guarantees, which will ease the administrative burden on NBS while at the same time reducing costs for customers who demand an extract by electronic request; it also modifies individual annexes of the Decree. The Decree’s provisions allowing customers to submit an electronic request and retrievean electronic extract from the Register of Bank Loans and Guarantees take effect on 1 January 2024. The other provisions (Articles 1 to 4 and Article 5(1)) take effect on 1 July 2024 and will allow entities to prepare well in advance for the obligations related to the reporting of data to the Register of Bank Loans and Guarantees.
The Bank Board approved the notification of the issuance of a €10 silver collector coin commemorating the 100th anniversary of the birth of Jozef Kroner.The coin is made from an alloy of silver (90%) and copper (10%), weighs 18 g, and has a diameter of 34 mm. Designed by Tomáš Lamač and produced by the Kremnica Mint, the coin is due to go on sale in March 2024.
The Bank Board discussed and approved the 2024 Budget of Národná banka Slovenska.
National Bank of Slovakia
Communications Section
Imricha Karvaša 1, 813 25 Bratislava
Contact: press@nbs.sk
Reproduction is permitted provided that the source is acknowledged.