NSG-SK

The Eurosystem has two advisory groups on market infrastructures to counsel it on issues related to (i) payments (AMI-Pay) and (ii) securities and collateral (AMI-SeCo). Both groups are composed of market participants and are chaired by the ECB. The Advisory Group on Market Infrastructures for Securities and Collateral (AMI-SeCo) facilitates an active dialogue with market participants on issues related to the clearing and settlement of securities and to collateral management. The AMI-SeCo National Stakeholder Groups (AMI-SeCo NSGs) bring together the national central bank, users (financial market participants/TARGET2-Securities users) and other stakeholders (e.g. public authorities, indirectly affected parties). They provide a formal link between the AMI-SeCo and the respective local markets.

The AMI-SeCo NSGs, including the NSG in Slovakia – AMI-SeCo NSG-SK (NSG-SK) – are fora for involving national stakeholders in the AMI-SeCo’s work of providing advice to the Eurosystem on matters related to securities clearing and settlement and collateral management, as well as T2S. The NSG-SK was established in 2017 as a successor of the T2S National User Group (NUG) for Slovakia, which had been operating since 2009. The NSG-SK brings together representatives of Národná banka Slovenska (NBS), the Ministry of Finance of the Slovak Republic, financial market participants, and other stakeholders from within the Slovak market, with the objective of supporting financial market integration in the field of securities clearing and settlement and collateral management. Acting on behalf of the Slovak market, the NSG-SK coordinates the formulation of opinions addressed to the European Central Bank on matters concerning securities and collateral.