Statement from the 32nd Meeting of the Bank Board of Narodna banka Slovenska

The 32nd Meeting of the Bank Board of Narodna banka Slovenska was held today (31 August 2010), chaired by Jozef Makúch, Governor.

The Bank Board of the NBS discussed The Report on Economic Development in July 2010, which will be published on the NBS website.

The Bank Board of the NBS approved the Decree of Narodna banka Slovenska amending the Decree of Narodna banka Slovenska No 18/2008 on Liquidity of Banks and Branch Offices of Foreign Banks and on Process of Liquidity Risk Management of Banks and Branch Offices of Foreign Banks and on amendment of the Decree No 11/2007 on the submission of statements, reports and other disclosures by banks, branches of foreign banks, securities dealers, and branches of foreign securities dealers for supervision and statistical purposes as amended by the Decree No 5/2009.

The Decree regulates some requirements for organization and liquidity risk management in credit institutions and amends obligatory transposition stipulations.
The Decree shall become effective on 30 September 2010 appart from Article I, items 2 and 3 that will become effective on 31 December 2010.

The Bank Board of the NBS approved the Decree of Narodna banka Slovenska on other types of risks, on details on system of a bank´s risk management and a branch office of foreign bank´s risk management and stipulating what does the sudden and unexpected change of interest rates on market mean.

The Decree regulate some requirements on the organization and risk management in credit institutions and amends obligatory transposition stipulations.
The Decree shall become effective on 31 December 2010.

Petra Pauerová
Spokesperson of the NBS

National Bank of Slovakia
Press and Editorial Section
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2142, +421-2-5865 2142, +421-2-5787 2169, +421-2-5865 2169
Internet: http://www.nbs.sk

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