2015-05-26
Added · Updated
Národná banka Slovenska issued Decision No 5/2015 to establish the Other Systemically Important Institution buffer rates for five designated banks. The regulation mandates a 1% buffer rate for all listed institutions during 2016, followed by adjusted rates starting in 2017 where four banks face a 2% requirement and Tatra banka is set at 1.5%. These capital buffers are required to be maintained on both an individual and sub-consolidated basis.
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Decision No 5/2015 of Národná banka Slovenska of 26 May 2015 on the setting of the buffer rate for other systemically important institutions In accordance with Article 33d(5) of Act No 483/2001 Coll. on banks and on amendments to certain laws, as amended by Act No 213/2014 Coll., Národná banka Slovenska has adopted this Decision:
Article 1
From 1 January 2016 to 31 December 2016, the buffer rate for other systemically important institutions (hereinafter the "O-SII buffer rate") shall be set as follows:
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Amended 1 time · last 2016-05-24
Source: Narodna banka Slovenska — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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