Regulatory Alerts2016-01-01
Decision No 19/2016 on the setting of systemic risk buffer rates
Národná banka Slovenska issued Decision No 19/2016 to establish systemic risk buffer rates for four major Slovak banks. The regulation mandates a 1% buffer for all listed institutions in 2017, while increasing requirements to between 1% and 2% for most banks starting in 2018. These buffers apply to all exposures located in the Slovak Republic on both an individual and sub-consolidated basis.
Decision No 19/2016 of Národná banka Slovenska of 24 May 2016 on the setting of systemic risk buffer rates Národná banka Slovenska, in accordance with Article 33e(1) of Act No 483/2001 Coll. on banks and amending certain laws, as amended, has adopted this Decision: Article 1 From 1 January 2017 to 31 December 2017 the systemic risk buffers applied to the following banks will be set at the following rates: (a) Československá obchodná banka, a.s. 1%, (b) Slovenská sporiteľňa, a.s. 1%, (c) Tatra banka, a.s. 1%, (d) Všeobecná úverová banka, a.s. 1%. Article 2 From 1 January 2018 the systemic risk buffers applied to the following banks will be set at the following rates: (a) Československá obchodná banka, a.s. 1%, (b) Slovenská sporiteľňa, a.s. 2%, (c) Tatra banka, a.s. 1.5%, (d) Všeobecná úverová banka, a.s. 2%. Article 3 The systemic risk buffers stated in Articles 1 and 2 shall be maintained on both an individual and sub-consolidated basis. Article 4 The systemic risk buffers stated in Articles 1 and 2 apply to all exposures located in the Slovak Republic. Article 5 This Decision repeals Decision No 6/2015 of Národná banka Slovenska of 26 May 2015 on the setting of systemic risk buffer rates. Article 6 This Decision enters into force on 1 January 2017. Jozef Makúch Governor