Statement from the 12th meeting of the Bank Board of Národná banka Slovenska
The 12th meeting of the Bank Board of Národná banka Slovenska was held today (27 May 2014) and was chaired by Ján Tóth, the NBS Deputy Governor.
The Bank Board took note of the NBS Monthly Bulletin for Maj 2014, which will be published on the NBS website.
The Bank Board approved the ‘Financial Stability Report – May 2014‘, which will be published on the NBS website.
The Bank Board approved a Decree of Národná banka Slovenska amending Decree of Národná banka Slovenska No 18/2008 on the liquidity of banks and branches of foreign banks and the liquidity risk management process of banks and branches of foreign banks and on the amendment of Decree No 11/2007 of Národná banka Slovenska on the submission of statements, reports and other disclosures by banks, branches of foreign banks, investment firms, and branches of foreign investment firms for supervision and statistical purposes, as amended.
The Decree implements the liquidity coverage ratio (LCR) as a means of ensuring that banks manage their assets and liabilities in such a way that they have a liquidity buffer available at all times and that this buffer broadly meets the liquidity coverage requirement laid down in Article 460 of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012. This requirement will be phased in until its full implementation from 1 January 2018.
The LCR replaces the current liquid asset ratio.
The Decree will enter into force on 1 December 2014.
The Bank Board approved a Decree of Národná banka Slovenska on the content, structure, and method of submission of reports produced by senior managers in the area of financial intermediation and financial advisory services.
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