Regulatory Alerts2015-01-01
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Decision No 6/2015 on the setting of the systemic risk buffer rate
Národná banka Slovenska issued Decision No 6/2015 to establish specific systemic risk buffer rates for three major Slovak banks. The regulation mandates a 0% buffer for all listed institutions in 2016, a 0.5% buffer for Tatra banka in 2017, and a uniform 1% buffer for all three banks starting in 2018. These rates apply to all exposures located in the Slovak Republic on both individual and sub-consolidated bases.
Decision No 6/2015 of Národná banka Slovenska of 26 May 2015 on the setting of the systemic risk buffer rate In accordance with Article 33e(1) and (9) of Act No 483/2001 Coll. on banks and on amendments to certain laws, as amended by Act No 213/2014 Coll., Národná banka Slovenska has adopted this Decision: Article 1 From 1 January 2016 to 31 December 2016, the systemic risk buffer rate shall be set as follows:
- Slovenská sporiteľňa, a.s. 0%,
- Tatra banka, a.s. 0%,
- Všeobecná úverová banka, a.s. 0%. Article 2 From 1 January 2017 to 31 December 2017, the systemic risk buffer rate shall be set as follows:
- Slovenská sporiteľňa, a.s. 0%,
- Tatra banka, a.s. 0.5%,
- Všeobecná úverová banka, a.s. 0%. Article 3 From 1 January 2018, the systemic risk buffer rate shall be set as follows:
- Slovenská sporiteľňa, a.s. 1%,
- Tatra banka, a.s. 1%,
- Všeobecná úverová banka, a.s. 1%. Article 4 The set systemic risk buffer rates shall be maintained both on the individual basis and the subconsolidated basis. Article 5 The systemic risk buffer rate shall be applied to all exposures located in the Slovak Republic. Article 6 This Decision shall enter into force on 1 January 2016. Jozef Makúch Governor