Integrated supervision within the nbs

Integrated supervision within the NBS

• Integrated supervision within the NBS

• Financial stability in Slovakia

• Challenges posed by the predominantly foreign owned banking system and banking union

Banking supervision in almost all transition countries had a prominent position in comparison with institutions responsible for other sectors (dominant share of banks on an overall financial sector)

• Banking supervision in almost all transition countries had a prominent position in comparison with institutions responsible for other sectors (dominant share of banks on an overall financial sector)

• Banking supervision was mostly carried out by their central banks

• Central banks were established with strong guarantees of their independence; guarantee also for banking supervision to be shielded from undue political influence

• Supervision of other sectors was mostly established within separated institution or within Ministry of Finance

• Scandinavian countries were the first that established integrated supervision (Norway 1986, Denmark 1988, Sweden 1991)

• growth of „bancassurance“ business model, financial innovation, economy of scale, synergies

Banking system supervised and regulated by the NBS from 1993

• Banking system supervised and regulated by the NBS from 1993

• Insurance sector, capital market– supervised by the Ministry of finance between 1993-2000

• Financial market authority was established in 2000

• Integrated supervision and regulation of banking sector, insurance, capital market and pension system within the NBS from 2006

Thank you for your attention

• Thank you for your attention

• Marek Ličák

• Director of Macroprudential Policy Department

• National Bank of Slovakia

• [e-mail]