Statement from the 22nd meeting of the Bank Board of Národná banka Slovenska

The 22nd meeting of the Bank Board of Národná banka Slovenska was held today (7 October 2014) and was chaired by Jozef Makúch, the NBS Governor.

The Bank Board approved a Recommendation of Národná banka Slovenska in the area of macroprudential policy on risks related to market developments in retail lending.
The Recommendation is aimed at mitigating certain imbalances in the retail lending market and maintaining the sound functioning of this market.
The Recommendation enters into force on 1 November 2014, with the exception of certain provisions that enter into force on 1 March 2015.

The Bank Board approved the Quarterly Commentary on Macroprudential Policy – October 2014, and decided to set the countercyclical capital buffer rate at 0%.

The Bank Board approved a Decree of Národná banka Slovenska on the disclosure of information by investment firms and branches of foreign investment firms.
The purpose of the Decree is to bring requirements for the disclosure of information by investment firms and branches of foreign investment firms into line with the relevant legislation in force since 1 January 2014.

The Decree will enter into force on 1 November 2014.

Martina Solčányiová
NBS Spokesperson

National Bank of Slovakia
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Internet: http://www.nbs.sk

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