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The Decisions adopted by the Governing Board on the occasion of its 297th regular meeting on 7th October 2004

10/07/2004 / Press release

The Decisions adopted by the Governing Board on the occasion of its 297th regular meeting:

  1. The Governing Board of the Bank of Slovenia got inter alia acquainted with the readiness of banks related to the introduction and application of the new Basel standards or with information on how Slovene banks are getting ready to introduce new approaches of risk management and setting capital adequacy. The internal ratings´ systems for setting the adequate capital to cover credit risk rank among significant new issues. Banks, fufilling the criteria for the so-called IRB approaches (internal rating based approach), will already have to start implementing the new provisions upon the enforcement of the new capital arrangement.
  2. The Governing Board of the Bank of Slovenia approved a gradual content-related harmonisation of the statistics on the interest rates applied by monetary financial institutions in compliance with the ECB´s requirements according to Regulation 2001/18. Taking into account methodologically acceptable differences, the sample data available provide for comparability with the statistics on the interest rates applied by the Member States of the Economic and Monetary Union for newly granted credits. Considered to be temporary, this information shall be presented to the European Central Bank before introducing a comprehensive system of reporting the interest rates applied by monetary financial institutions according to the mentioned Regulation, which was based in adopting a corresponding Decision or executive regulation by the Governing Board of the Bank of Slovenia in its 293rd session held on 1 July, 2004.
  3. The Governing Board of the Bank of Slovenia approved the awards for the best B.Sc. dissertations made by students of economics and law in 2004. 21 female and male graduates, who were claimed to be the best according to the Research Commission of the Governing Board of the Bank of Slovenia, were given their awards today.