2016-05-24
Added · Updated
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.
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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
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Amended 1 time · last 2017-05-30
This document supersedes: Decision No 6/2015 on the setting of the systemic risk buffer rate
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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