Statement from the NBS Bank Board’s 21st meeting of 2018

06. 11. 2018 | Press Release of the NBS

The Bank Board of Národná banka Slovenska today (6 November) held its 21st meeting of 2018, chaired by Jozef Makúch, the NBS Governor.

The Bank Board approved a Decision of Národná banka Slovenska on the setting of annual contributions and special contributions payable in 2019 by financial market participants subject to supervision. The Decision will be published in the Journal of Národná banka Slovenska on the NBS website (www.nbs.sk).

The Bank Board approved a Decree of Národná banka Slovenska on the Covered Bonds Register. The Decree stipulates the following: the data to be entered in the Covered Bonds Register for purposes related to the covered bonds programme; the method, procedures and technical rules to be used for, and applied to, the maintenance of the Register; and deadlines, periods, and frequencies for the reporting and updating of data entered in the Register.

The Decree enters into force on 31 December 2018.

The Bank Board approved a Decree of Národná banka Slovenska on the reporting of information from the Covered Bonds Register and from the Mortgages Register for supervisory purposes. The purpose of the Decree is to harmonise the mode of transmitting data on covered bonds, re-registered mortgage bonds, and mortgage bonds in the banking sector, as well as data on their security, with regard to their implications for investor protection and the low risk of investing in covered bonds. The data transmitted to NBS and the covered bonds administrator will provide continuous information on the extent to which banks that issue covered bonds are compliant with statutory requirements for the covered bonds programme.

The Decree enters into force on 31 December 2018.

The Bank Board approved an amendment to the Decree of Národná banka Slovenska on the disclosure of information by banks and branches of foreign banks.

The amendment has the following main purposes:

1. to lay down a template to be used by banks for the publication of their liquidity coverage ratio (LCR), since the LCR is a key indicator for risk management assessment and for decision-making by market participants;

2. to lay down a template for the publication of data on covered bonds and mortgage bonds by banks that issue covered bonds and by banks and foreign bank branches that have issued mortgage bonds, so as to increase the transparency of investor information on the state and quality of covered bonds and mortgage bonds;

3. to lay down a template to be used by certain banks - those that have opted to implement transitional measures to mitigate the impact of the new International Financial Reporting Standard (IFRS) 9 - for the publication of selected data on prudential requirements resulting from the entry into force of IFRS 9.

The Decree enters into force on 31 December 2018.

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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