Macroprudential policy

Financial Stability Report

May 2021



Macroprudential Commentary

September 2021


Current setting of capital buffer rates

Capital conservation buffer 2.5%
Countercyclical capital buffer 1.0%
O-SII buffer 0.25% - 1%
Systemic risk buffer 1%

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

XI. 2021 Financial Stability Report, November 2021
XII. 2021 Macroprudential Commentary, December 2021
III. 2022 Macroprudential Commentary, March 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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