European System of Financial Supervision

Národná banka Slovenska is also a part of the European System of Financial Supervision, which was formed on 1 January 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. Národná banka Slovenska is a member of all four new European authorities and takes part in their decision making process:

Financial market oversight can be divided into two main areas - micro-prudential supervision, the main focus of the European Supervisory Authorities, and macro-prudential supervision, which is the competence of the ESRB.