IMF Staff Country Reports

Slovak Republic: Financial Sector Assessment Program-Technical Note on Regulation and Supervision of Less Significant Institutions

April 8, 2025

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "Slovak Republic: Financial Sector Assessment Program-Technical Note on Regulation and Supervision of Less Significant Institutions", IMF Staff Country Reports 2025, 089 (2025), accessed April 18, 2025, https://doi.org/10.5089/9798229007436.002

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

The FSAP conducted a targeted assessment of the effectiveness of banking regulation and supervision in the Slovak Republic focusing on less significant institutions (LSIs). In scoping this review, the 2007 FSAP recommendations as well as relevant Euro-Area (EA) and global regulatory and market developments were taken into account. The review focused on selected areas including the supervisory independence and powers of Národná banka Slovenska (NBS), corrective and sanctioning measures, its supervisory strategy and approach for LSIs, oversight of key risks including credit, liquidity, interest rate risk in the banking book (IRRBB), operational/IT and climate related financial risks, governance and the strength of the LSI’s risk management policies and practices. The assessment also reviewed NBS’ approach to supervising AML/CTF risk for banks.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Bank supervision, Credit risk, Crime, Financial regulation and supervision, Liquidity requirements

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Bank supervision, Basel Core Principles, Credit risk, Financial regulation and supervision, Liquidity requirements

Publication Details

You May Also Be Interested In...

Stress Testing the Albanian Banking Sector: A Decade Post-FSAP

April 16, 2025

Suriname: Ninth Review Under the Extended Arrangement Under the Extended Fund Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Suriname

April 15, 2025

“Checking the Receipts” Audits of Emergency Finance

April 11, 2025

Slovak Republic: Financial Sector Assessment Program-Technical Note on Systemic Risk Analysis and Stress Testing

April 8, 2025