Slovak c bank replaces management of supervision

SLOVAKIA - Slovak central bank (NBS) appointed Deposit Protection Fund (FOV) head Milan Horvath as the new chief executive of the NBS banking supervision, replacing Tibor Kasiak, the bank's press department said Friday.

The press release says that the replacement comes in response to the criticism for a late intervention at Devin banka last year.

The NBS along with the cabinet came under fire from the media last autumn when it surfaced that the cabinet and the NBS had known about major

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