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Statement from the 40th Meeting of the Bank Board of the NBS

24 Nov 2009

The 40th Meeting of the Bank Board of Narodna banka Slovenska was held on 24 November 2009, chaired by Ivan Sramko, Governor.

The Bank Board of the NBS discussed the „Report on Economic Development in October 2009″ which will be published on the website of the NBS.

The Bank Board of the NBS discussed the “Decision of the NBS regarding annual contributions of supervised subjects of the financial market for the year 2010”. The Decision will be published in the NBS Journal and on the website of the NBS.

The Bank Board of the NBS discussed the “Financial Stability Report for the First Half of 2009”. This report evaluates the most important factors which affected domestic financial stability in the first half of 2009 and the outlook for the future. The Report will be published on the website of the NBS.

The Bank Board of the NBS approved the Decree of Narodna banka Slovenska which amends the Decree of Narodna banka Slovenska No. 18/2008 on “Liquidity of Banks and Liquidity of Branch Offices of Foreign Banks and on Procedures of Risk Management regarding Liquidity of Banks and Liquidity of Branch Offices of Foreign Banks” and on amendments of the NBS Decree No. 11/2007 on the “Submissions 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”.

The Decree harmonises the text of the Decree of the NBS No. 18/2008 with some regulations in the area of risk management. The indicator of liquid assets of Bank and Branch of Foreign Bank has been updated on the basis of the applicable practice.
The Decree shall become effective on 1 January 2010.

The Bank Board of the NBS approved the Decree of Narodna banka Slovenska on the „Submissions of Statements, Reports and other Disclosures by Banks, Branches of Foreign Banks, Securities Dealers and Branches of Foreign Securities Dealers for Supervision Purposes and on amendments of the NBS Decree No. 26/2008 on the „Submissions of Statements by Banks, Branches of Foreign Banks, Securities Dealers and Branches of Foreign Securities Dealers for Statistical Purposes.”

The main purpose of the new Decree is to ensure the data for Narodna banka Slovenska for the purpose of supervision over the above-stated subjects through detailed and highly-developed specimens of the statetements, as a result of amendments of the Act on Banks and Act on Securities. The newly approved Decree will replace the current NBS Decree No. 11/2007.
The Decree shall become effective on 1 January 2010.

The Bank Board of the NBS issued the prior agreement with the Amendment No. 4 of the Rules of procedure of the Standing Court of Arbitration of the Slovak Banking Association.

Jana Kováčová
Spokesperson of the NBS

National Bank of Slovakia
Communications Section
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2168,+421-2-5865 2168, +421-2-5787 2169, 421-2-5865 2169
Internet: http://www.nbs.sk

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