Statement from the NBS Bank Board's 21st meeting of 2017

14. 11. 2017 | Press Release of the NBS

The Bank Board of Národná banka Slovenska today (14 November) held its 21st meeting of 2017, chaired by Jozef Makúch, the NBS Governor.

The Bank Board approved a Decree of Národná banka Slovenska laying down detailed provisions on the assessment of consumers' ability to repay consumer credits.

The Decree is designed to support two key objectives:

- the strengthening of the quality of banking sector regulation in regard to financial stability and to mitigating risks arising from household credit growth acceleration; and

- financial consumer protection.

The Decree will enter into force on 1 January 2018.

The Bank Board approved a Decree of Národná banka Slovenska laying down national discretions for institutions under a separate regulation. The Decree specifies national discretions based on a Guideline of the European Central Bank on the exercise of options and discretions by national competent authorities in relation to less significant institutions. At the same time, the Decree reflects experience gained in the area of financial market regulation and current conditions in the financial market.

The Decree will enter into force on 1 January 2018.

The Bank Board, acting in accordance with Article 6(2)(d) of Act No 566/1992 on Národná banka Slovenska, as amended, approved a Decision of Národná banka Slovenska on the setting of annual contributions and special contributions payable in 2018 by financial market participants subject to NBS supervision. The Decision will be published in the Journal of Národná banka Slovenska and on the NBS website.

Martina Vráblik Solčányiová
NBS Spokesperson

National Bank of Slovakia
Communications Section
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2142, +421-2-5865 2142, +421-2-5787 2169, +421-2-5865 2169
Internet: http://www.nbs.sk

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