Banking Sector Supervision
Supervision is exercised over banks and branches of foreign banks by the National Bank of Slovakia within and as an integral part of the integrated financial market supervision. Currently, supervision is risk-focused and its basic objective is to provide for minimization of the individual types of risks in the supervised entities. For that purpose, secondary legislation (decrees and regulations) is adopted in the first phase on the basis of valid and effective laws (particularly the Banking Act). This legislation sets forth the basic legislative framework of the supervision execution. The next stage consists in the off-site supervision which analyses and evaluates quantitative indicators of the supervised entities by receiving regular and irregular reports, statements, and other information. The activity of the off-site supervision is coordinated in close cooperation with the on-site supervision which, in the subsequent phase, examines the specific institution directly. First instance and second instance actions and decisions on supervisory issues (for example, actions and decisions on applications for grant of permissions, consents or prior consents, as well as actions and decisions on sanctions and corrective measures) are an integral part of the supervision.
Last update on: November 29, 2010