Regulatory Alerts2015-03-31
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Decree of NBS No 4/2015 on Risk Management and Market Interest Rates
Národná banka Slovenska issued Decree No 4/2015 to establish detailed requirements for the risk management functions of banks and foreign bank branches. The regulation defines key risk concepts, mandates specific organizational structures for credit, market, and operational risk, and sets a threshold for sudden interest rate changes. It further prescribes standards for risk strategies, internal controls, information systems, and transaction execution procedures.
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