Slovak Resolution Council
The Slovak Resolution Council (Script error: The function "langx" does not exist., lit. council for the resolution of crisis situations) is Slovakia's designated national authority for bank resolution, and as such, is the Slovak member of the Single Resolution Mechanism.[1] It is hosted by the National Bank of Slovakia (NBS) in Bratislava, but operates under an autonomous governance framework, and thus counts as a separate authority.
Overview
The Resolution Council was established on 1 January 2015.[2] While the Council makes its own decisions, the implementation of such decisions is delegated to the Crisis Resolution Department of the NBS Regulation Department.[3]
In addition to its role as bank resolution authority, the Resolution Council was designated as national resolution authority for central counterparties with effect at 12 August 2022.[2] The same 2022 legislation granted the Council additional authority to impose financial penalties.[4]
See also
References
- ↑ "Plenary members: SRB Plenary Session". Single Resolution Board. 9 August 2023. Retrieved 5 May 2025.
- ↑ 2.0 2.1 "About the Resolution Council". Slovak Resolution Council. Retrieved 5 May 2025.
- ↑ "Rada pre riešenie krízových situácií". National Bank of Slovakia. 1 January 2015.
- ↑ "Právomoci Rady pre riešenie krízových situácií sa rozšíria". Teraz.sk. 25 May 2022.
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