The Decisions adopted by the Governing Board on the occasion of its 298th regular meeting on 21 October 2004

Decisions adopted by the Governing Board on the occasion of its 298th regular meeting:

1. In its today´s 298th session, the Governing Board of the Bank of Slovenia inter alia approved a monetary policy report, together with the projections of macroeconomic indicators and guidelines of monetary policy, which the Governor, Mr. Mitja Gaspari, will present in detail at press conference.
   
2. The Governing Board of the Bank of Slovenia dealt with the integration of Slovenia in the TARGET system, which involves EU-15 CBs. Since October this year, the Bank of Slovenia has been integrated in this system via Deutsche Bundesbank, remaining there until its integration in a new TARGET system. Thus, the first step was made towards a full integration of the Bank of Slovenia and the banking environment in the TARGET payment system upon the adoption of the euro as a single national currency.
   
3. In its today´s session, the members of the Governing Board of the Bank of Slovenia also adopted a Decision to release a summary of the audited annual report and other data for the branches of EU Member States´ banks, requiring an obligatory public release of a summary of the audited annual report and consolidated annual report of a parent bank, together with the auditor´s opinions and a release of some other data concerning a branch of an EU Member States´ bank. The Decision gives detailed data which must be released by a branch of an EU Member States´ bank, executing banking and other financial services within the territory of the Republic of Slovenia. Owing to the formation of the Internal Market, the branches of EU Member States´ banks must be treated in the same manner as those of domestic banks; it shall therefore suffice if a branch of an EU Member States´ bank releases the annual financial statements with reference to the entire bank and some other data on the operation of a branch itself, according to Directive 89/117/EEC, pursuant to which the mentioned Decision was adopted.
   
4. The Governing Board of the Bank of Slovenia licensed Mr. Erik M. H. Luts to perform the office of a member of the Management Board of »Nova Ljubljanska banka«.