The National Bank of Slovakia’s Bank Board approved two supervisory decrees covering electronic submissions in certain banking proceedings under the Single Supervisory Mechanism and regulatory reporting by crypto-asset service providers, and it adopted updated rules and fees for the Slovak Interbank Payment System. The Bank Board also approved the March 2025 Macroprudential Commentary and decided to keep the countercyclical capital buffer rate unchanged. For SSM matters that fall under the European Central Bank’s exclusive competence, the electronic applications decree sets methods and procedures for submitting applications via the SSM Information Management System portal, which will also be used to track proceedings and support electronic communication between the applicant, the National Bank of Slovakia and the ECB. The crypto-asset service providers reporting decree establishes reporting requirements to the National Bank of Slovakia for CASPs, which have been under its financial market supervision since 30 December 2024. Separate decisions updated the Slovak Interbank Payment System rulebook and introduced a fee schedule, replacing the existing 2012 SIPS rules. Both decrees take effect on 1 July 2025. The SIPS decisions take effect on 9 April 2025, with certain provisions taking effect on 16 June 2025, and the approved Macroprudential Commentary is due to be published on the National Bank of Slovakia’s website.
National Bank of Slovakia 2025-03-25
National Bank of Slovakia approves new decrees on SSM electronic applications and crypto-asset service provider reporting
The National Bank of Slovakia’s Bank Board approved supervisory decrees on electronic submissions for banking proceedings under the Single Supervisory Mechanism and regulatory reporting by crypto-asset service providers. It also updated rules and fees for the Slovak Interbank Payment System and maintained the countercyclical capital buffer rate. The decrees and system updates will take effect in mid-2025.