Statement from the 14th meeting of the Bank Board of Národná banka Slovenska
The Bank Board of Národná banka Slovenska today (4 August) held its 14th meeting of 2015, which was chaired by Jozef Makúch, the NBS Governor.
The Bank Board approved a Decree of Národná banka Slovenska on how to demonstrate compliance with conditions under which undertakings not subject to a special regime may be granted an authorisation to perform insurance business or an authorisation to perform reinsurance activities.
The Bank Board approved a Decree of Národná banka Slovenska amending Decree No 11/2011 of Národná banka Slovenska on risks and risk management, risk measurement and the calculation of global exposure and counterparty risk.
These amendments relate to additional elements of the prospectus and annual asset management report, requirements for reducing counterparty risk, and the terms and conditions contained in securities lending agreements, sale and repurchase agreements, and purchase and resale agreements. The Decree will enter into force on 1 September 2015.
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