Supervisory Authorities EEA countries Warnings

PUBLIC WARNINGS

National Bank of Slovakia is also a part of the European System of Financial Supervision (ESFS), which was formed on January 1, 2011 in order to ensure the oversight over the EU financial system. The main objective of the ESFS shall be to ensure that the rules applicable to the financial sector are adequately implemented to preserve financial stability and to ensure confidence in the financial system as a whole and sufficient protection for the customers of financial services. National Bank of Slovakia is a member of all four new European authorities and takes part in their decision making process:

European Systemic Risk Board (ESRB) was established on December 16, 2010 with his seat in Frankfurt, Germany. The mission of the ESRB is to contribute to the prevention or mitigation of systemic risks to financial stability in the Union that arise from developments within the financial system and taking into account macro-economic developments, so as to avoid periods of widespread financial distress.

European Banking Authority (EBA) was established on January 1, 2011 with his seat in London, Great Britain, as a legal successor to the Committee of European Banking Supervisors (CEBS) has taken over all existing and ongoing tasks and responsibilities from the CEBS.

European Insurance and Occupational Pensions Authority (EIOPA) was established on January 1, 2011 with his seat in Frankfurt, Germany, as a legal successor to the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) and has taken over all existing and ongoing tasks and responsibilities from the CEIOPS.

European Securities and Markets Authority (ESMA) was established on January 1, 2011 with his seat in Paris, France, as a legal successor to the Committee of European Securities Regulators (CESR) and has taken over all existing and ongoing tasks and from the CESR.

At the very centre of the new structure is the division of financial market oversight between macro-prudential supervision (ESRB) and micro-prudential supervision (EBA, ESMA, EIOPA) and full harmonization of the rules for financial market participants. 

National Bank of Slovakia shall publish on its website public warnings issued by the European authorities to inform the public about the financial activities of the financial market participants engaged in activities in the European Union.


INVESTOR WARNING

Trading in foreign exchange (forex) 
ESMA (the European Securities and Markets Authority) 

  • warns investors against dealing with unauthorised firms offering foreign exchange investments, and 
  • alerts retail investors to the main risks involved in forex trading 

Detailed information you could find in file: http://www.esma.europa.eu/system/files/2011-412.pdf 

The "Public Warnings" table contains the name and registered office of the company, the country which sends the warning (i.e. the country in which the entity performs an unlicensed activity), the reason for warning and contact addresses, where detailed information about the particular entities and their activities can be obtained. The National Bank of Slovakia considers it necessary to notice that entities performing their activities without a license within the territory of one country may have a license to perform these activities in another country.

The "Public Warnings" table is updated continuously upon obtaining information from CESR-Pol secretariat.