Regulatory Alerts2015-10-05
Decree of Národná banka Slovenska No 10/2015 on Own Funds and Capital Requirements for Financial Conglomerates
Národná banka Slovenska issued Decree No 10/2015 to define the calculation of own funds and minimum capital requirements for financial conglomerates under the Insurance Act. The regulation establishes specific methodologies, including accounting consolidation and deduction and aggregation, to determine capital adequacy, exposures, and risk concentrations across insurance, banking, and investment entities. It further mandates the submission of standardized reports on capital requirements, risk concentration, and significant intra-group transactions to the central bank by specified deadlines.
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