Statement from the NBS Bank Board’s 21st meeting of 2024

On 19 November 2024 the Bank Board of Národná banka Slovenska (NBS) held its 21st meeting of the year, chaired by NBS Governor Peter Kažimír.

The Bank Board discussed and approved the Bank's November 2024 Financial Stability Report, which will be published on the Bank's website and presented at a press conference.

The Bank Board discussed and approved an NBS Decree amending NBS Decree No 4/2015 of 31 March 2015 on additional types of risk, on details of the risk management function of banks and branches of foreign banks and on the definition of a sudden and unexpected change in market interest rates.
The amending Decree is a response to the adoption of the European Union's Digital Operational Resilience Act (DORA) (Regulation (EU) 2022/2554) and Directive (EU) 2022/2556, which aim to ensure digital operational resilience in the financial sector, including the banking sector.
In regard to information and communication technology systems, the Decree requires banks and foreign bank branches to develop and implement specific, EU law-compliant plans to ensure business continuity and response and recovery plans. It also removes duplicate and divergent regulations in areas under the direct application of DORA.
The Decree takes effect on 17 January 2025.

The Bank Board discussed and approved an NBS Decision establishing the Operating Rules of the Register of Bank Loans and Guarantees. The Decision, which replaces an eponymous NBS Decision, establishes rules and procedures for the technical, software and security protection of data provided from and to the Register of Bank Loans and Guarantees through the Register's information system, as well as organisational procedures for the Register's operation. These rules and procedures are binding for the Register's users from banks, foreign bank branches, the Export-Import Bank of the Slovak Republic (Eximbank SR), and Národná banka Slovenska.
The new Decision was required in order to update terminology and make other broad revisions to the operating rules. These include updating the application for adding an authorised user to the Register, enabling it to be submitted electronically.
The Decision takes effect on 30 November 2024.

The Bank Board approved an NBS Decision amending Decision No 10/2022 on the new-generation Trans-European Automated Real-time Gross Settlement Express Transfer system (TARGET) in regard to its component system in Slovakia (TARGET-SK), as amended.

The Bank Board approved an NBS Decision on conditions for the conduct of banks' cash operations, issued in accordance with Sections 15, 17 and 18 of Act No 566/1992 on Národná banka Slovenska, as amended. The Decision will be published in the Journal of Národná banka Slovenska and on the Bank's website (www.nbs.sk).

The Bank Board approved the notification of the issuance of a €2 commemorative coin marking the 100th anniversary of the first international sports tournament in the territory of the Slovak Republic - the Ice Hockey European Championship.

The coin will have the same technical parameters as normal €2 coins and will be legal tender in Slovakia and the rest of the euro area. Its national side was designed by Karol Ličko. Produced by the Kremnica Mint with a mintage of one million, the coin is due to be issued in January 2025.

The Bank Board approved the notification of the issuance of a €10 silver collector coin commemorating the 100th anniversary of the first international sports tournament in the territory of the Slovak Republic - the Ice Hockey European Championship.
The coin is made from an alloy of silver (90%) and copper (10%), weighs 18 g, and has a diameter of 34 mm. Designed by Karol Ličko and produced by the Kremnica Mint, the coin is due to go on sale in January 2025.

The Bank Board discussed and approved the 2025 Budget of Národná banka Slovenska.

National Bank of Slovakia
Communications Section
Imricha Karvaša 1, 813 25 Bratislava
Contact: [email protected]

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