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

Slovak Republic: Financial Sector Assessment Program-Technical Note on Regulation and Supervision of Less Significant Institutions
READ MORE...
Volume/Issue: Volume 2025 Issue 089
Publication date: April 2025
ISBN: 9798229007436
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Business and Financial , funding Risk , EU LSI SREP methodology , concentration Risk , banking supervision department , return on assets , FSAP's finding , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Credit risk , Liquidity requirements , Bank supervision , Global

Summary

This technical note focuses on regulation and supervision of less significant institutions as part of the Slovak Republic’s Financial Sector Assessment Program. Národná banka Slovenska’s (NBS) supervisory approach focuses on Less Significant Institution (LSI) risks and vulnerabilities however streamlining some of the off-site activities while enhancing on-site inspections will increase its overall effectiveness of assessments of LSI’s risk management practices across key risk areas. Although NBS undertakes on-site inspections across several subject areas, the focus on the effectiveness of LSIs’ risk management practices needs to be enhanced as well as an augmentation of supervisory resources. NBS’ capital requirements for LSIs follow the EU framework, including the assessment of capital buffers established in the EU Capital Requirement Regulation. NBS is proactively addressing several key supervisory priorities simultaneously; however, there is room to enhance certain regulatory gaps with the Basel framework. NBS undertakes on-site inspections and off-site monitoring of LSI’s compliance with Anti-Money Laundering/Countering the Financing of Terrorism regulatory and supervisory requirements.