Statement from the NBS Bank Board’s 8th meeting of 2025
On 9 May 2025, the Bank Board of Národná banka Slovenska (NBS) held its 8th meeting of the year, chaired by NBS Governor Peter Kažimír.
The Bank Board discussed and approved an NBS Decision amending NBS Decision No 2/2015 on the implementation of the Eurosystem monetary policy framework in the Slovak Republic, as amended.
The amending Decision introduces changes arising from amendments to the Guidelines of the European Central Bank (ECB) which constitute the legal framework for the implementation of the Eurosystem’s monetary policy. Adopted by the ECB’s Governing Council on 14 November 2024, these amendments primarily concern the launch of the Eurosystem Collateral Management System (ECMS), which replaces the individual collateral management systems of the Eurosystem’s national central banks (NCBs). The ECB Guideline amendments also modify the eligibility criteria for certain assets used as collateral in Eurosystem credit operations and the way in which ratings from in-house credit assessment systems of certain NCBs are applied.
In connection with the launch of the ECMS and in the light of practical requirements, the Decision also revises the wording of three master agreements concluded between Národná banka Slovenska and its counterparties. For counterparties opting to use credit claims as collateral in Eurosystem credit operations, the Decision establishes a new Agreement on the Mobilisation of Credit Claims as Collateral.
The Decision takes effect on 16 June 2025.
The Bank Board discussed and approved an NBS Decision on the management of collateral in Eurosystem credit operations in the Slovak Republic.
The Decision takes effect on 16 June 2025.
National Bank of Slovakia
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