International Relations

In an international context, the Národná banka Slovenska (NBS) places emphasis on integration and cooperation within European structures. Since the accession of Slovakia to the European Union (EU) on 1 May 2004, the NBS has been a member of the European System of Central Banks (ESCB) and the NBS Governor has been a member of the General Council of the European Central Bank (ECB). On 1 January 2009, when the common European currency was introduced in the Slovak Republic, the NBS became a part of the Eurosystem, and the Governor became a member of the Governing Council of the ECB. Moreover, the NBS has the opportunity to be involved indirectly in the decision-making process of EU bodies, in selected committees and working groups of the Council of the EU and the European Commission and the Commission for EU affairs. As the authority responsible for integrated financial market supervision in Slovakia, the NBS actively participates in the activities of European committees dealing with such supervision (CEIOPS, CEBS, CESR).

The Národná banka Slovenska has played an active role in numerous international economic, financial and other institutions. The NBS Governor acts as the Governor for the Slovak Republic in the International Monetary Fund (IMF) and is the Alternate for the Slovak Republic in the European Bank for Reconstruction and Development (EBRD). The NBS Deputy Governor is the Alternate in the World Bank. The Národná banka Slovenska is also a member of international institutions handling cooperation in financial market supervision (BIS, IOPS, IOSCO, IAIS) and has actively participated in the work of other international organisations, such as the OECD.