Macroprudential policy

Financial Stability Report

November 2021


Macroprudential Commentary

December 2021 (in Slovak language only)


Current setting of capital buffer rates

Capital conservation buffer 2.5%
Countercyclical capital buffer 1.0%
O-SII buffer 0.25% - 2%
Systemic risk buffer -

Current setting of instruments for retail loans

Full wording of the decree on the assessment of borrowers´ability to repay housing loans (in Slovak language only)


Full wording of the decree on the assessment of borrowers´ability to repay consumer loans  (in Slovak language only)


Important dates

III. 2022 Macroprudential Commentary - March 2022
V. 2022 Financial Stability Report - May 2022
V. 2022 NBS Bank Board decision on settings of the O-SII buffer rate
VI. 2022 Macroprudential Commentary - June 2022

One of the responses to the global financial crisis has been the emergence of macroprudential policy. In contrast to the previous understanding of supervision, which focused on the stability of individual financial institutions, macroprudential policy focuses on the stability of the financial system as a whole. Macroprudential policy seeks to achieve this objective mainly through:

  • using upswings to create additional reserves, which may then be used during downswings to cover or mitigate losses;
  • mitigating the risks arising from excessive credit growth and maturity mismatch between assets and liabilities;
  • reducing moral hazard, especially from systemically important institutions.

Macroprudential policy in Slovakia is conducted by Národná banka Slovenska, with the European Central Bank having co-responsibility in the framework of the Single Supervisory Mechanism.

Further information regarding macroprudential policy can be found in answers to frequently asked questions.


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