Regulatory Alerts2017-01-01
Decision No 5/2017 on the setting of O-SII buffer rates
Národná banka Slovenska issued Decision No 5/2017 to establish specific Out-of-Scope Systemically Important Institution buffer rates for five domestic banks effective January 1, 2018. The regulation mandates a 1% buffer for Československá obchodná banka, Poštová banka, Slovenská sporiteľňa, and Všeobecná úverová banka, while Tatra banka is assigned a 0.5% rate. These buffers must be maintained on both an individual and sub-consolidated basis, and this decision repeals the previous Decision No 18/2016.
Decision No 5/2017 of Národná banka Slovenska of 30 May 2017 on the setting of O-SII buffer rates Národná banka Slovenska, in accordance with Article 33d(5) of Act No 483/2001 Coll. on banks (and amending certain laws), as amended, has adopted this Decision: Article 1 From 1 January 2018 the following O-SII buffer rates will be applied: (a) Československá obchodná banka, a.s., 1%, (b) Poštová banka, a.s., 1%, (c) Slovenská sporiteľňa, a.s., 1%, (d) Tatra banka, a.s., 0.5%, (e) Všeobecná úverová banka, a.s. 1%. Article 2 The O-SII buffers shall be maintained on both an individual and sub-consolidated basis. Article 3 This Decision repeals Decision No 18/2016 of Národná banka Slovenska of 24 May 2016 on the setting of O-SII buffer rates. Article 4 This Decision enters into force on 1 January 2018. Jozef Makúch Governor