Regulatory Alerts2010-06-08
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Decree of the National Bank of Slovakia No. 12/2010 amending capital requirements
The National Bank of Slovakia issued Decree No. 12/2010 to amend and supplement its previous regulations regarding banks' and investment firms' own funds and capital requirements. The decree modifies Article 4 to define expected loss surpluses as a reduction in original own funds, aligns banking book valuation with special regulations under Article 9, and explicitly exempts investment firms from the Article 4 provision. Additionally, references to the European Communities are removed from Articles 225 and 228, with the changes entering into effect on 1 January 2011.
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