Decisions adopted by the Governing Board on the occasion of its 314 th regular meeting on 14 July 2005
07/14/2005 / Press release
- In its today´s session, the Governing Board of the Bank of Slovenia adopted modifications of and amendments to executive regulation which regulates the reporting of banks and savings banks in accordance with the International Accounting Standards, in accordance with which banks will start reporting on 1 January, 2006. The modifications and amendments refer to the following Decisions and Instructions: the Decision on the Capital Adequacy of Banks and Savings Banks, the Decision on Estimating Losses Arising from the Credit Risk of Banks and Savings Banks, the Decision on the Minimum Extent and Content of an Audit Review and Auditor´s Report, and the Instructions on the Changeover to the International Financial Reporting Standards. Thus, all the executive regulation of the Bank of Slovenia, regulating the changeover of banks to the International Financial Reporting Standards on 1 January, 2006, is adopted.
- Furthermore, the Governing Board of the Bank of Slovenia also modified the Decision on the Minimum Extent of Liquidity Which a Bank Must Provide. The modifications abolish mandatory holding of foreign-currency bills when providing for liquidity. They abolish the possibility of including the A rated tolar loans with a maturity of over one hundred and eighty days when meeting liquidity ratios and introduce weighting of sight deposits of the household and non-financial corporate sectors by means of a weight of 85% in the first maturity band and that of 60% in the second one. The Decision will take effect after being published in the Official Gazette of the Republic of Slovenia, applying from 1 January, 2006 onwards. Banks may start operating in accordance with the new regime even earlier, if desired.
- The Governing Board of the Bank of Slovenia licensed Mr. Zoran Nemec to hold the office of a member of the Management Board of "Reiffeisen Krekova banka d.d." (a joint-stock bank).