New bill strengthens NBS supervisory powers

SLOVAKIA - The new bill on banks, which was approved by the Slovak government on Mar 28, 2001, should boost the powers of the National Bank of Slovakia (NBS) to carry out banking supervision.

The central bank will now be authorised to impose forced administration on a commercial bank if the capital adequacy of the bank's own sources falls bellow four per cent or if the bank is unable to pay out deposits.

"The bill is partly a contribution to the fight against non-banking entities," NBS governor