Financial Stability Board (FSB)
The Financial Stability Board (FSB) is a macro-prudential authority that comprises representatives from supervisory authorities, such as the Bank of Slovenia, the Insurance Supervision Agency and the Securities Market Agency, as well as the Ministry of Finance.
The FSB was established with the entry into force of the Macro-prudential Supervision of the Financial System Act (hereinafter: the ZMbNFS; Official Gazette of the Republic of Slovenia, No. 100/13). On the basis of the aforementioned act, the board is responsible for formulating and implementing macro-prudential policy in the Republic of Slovenia with the objective of helping protect the stability of the entire financial system by the strengthening its resilience and reducing accumulated systemic risks, thereby ensuring that the financial sector is able to make a sustainable contribution to economic growth.
To achieve that objective, the FSB is responsible for performing the following tasks:
The FSB contributes to the strengthening of cooperation between individual supervisory authorities, each of which supervises its own segment of the financial system, with the aim of working together to quickly and successfully identify risks that could spread from individual segments to the entire financial system.
In implementing macro-prudential policy the supervisory authorities are responsible for the macro-prudential supervision of financial corporations, which are supervised pursuant to the sectoral laws governing their respective areas. The supervisory authorities implement the FSB’s guidelines in the scope of their responsibilities and the relevant measures.
The ZMbNFS assigns the lead role within the FSB to the Bank of Slovenia by appointing the Governor of the Bank of Slovenia as the president of the FSB with the power to convene and chair sessions, while the Bank of Slovenia is given the power to ensure the functioning of the FSB’s secretariat.
The FSB reports to the National Assembly of the Republic of Slovenia once a year with regard to its work, and to EU authorities and the ESRB as necessary.
Macro-prudential instruments and measures of a macro-prudential nature in use in the Republic of Slovenia
Bank of Slovenia (macro-prudential instruments)
Insurance Supervision Agency (measures of a macro-prudential nature)
Securities Market Agency (measures of a macro-prudential nature)
This page was printed from web site of Bank of Slovenia.