Regulatory Alerts2011-09-27
Decree of Národná banka Slovenska No 11/2011 on Risks and Risk Management for Standard Common Funds
Národná banka Slovenska issued Decree No 11/2011 to establish detailed requirements for risk management systems and exposure calculations for standard common funds. The regulation defines specific risk categories, including credit, market, and operational risks, while mandating the separation of investment management and risk management functions to ensure independence. It further prescribes methodologies for calculating global exposure using Value at Risk approaches and sets qualitative and quantitative standards for stress testing and back testing.
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