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Slovak Parliament passes banking bill to second reading

The Slovak Parliament passed a legislative proposal aimed at easing the negative consequences of the global crisis on the country's banking sector to its second reading on Wednesday, June 17, the TASR newswire reported.

The Slovak Parliament passed a legislative proposal aimed at easing the negative consequences of the global crisis on the country's banking sector to its second reading on Wednesday, June 17, the TASR newswire reported.

The proposal, which was backed by both coalition and opposition MPs, creates the conditions for the possible provision of state stabilisation aid for banks affected by the global crisis. This should be carried out via transfers from state financial assets to increase banks' equity, special guarantees for obligations issued by banks or via loans provided to banks.

Finance Minister Ján Počiatek stressed the preventive character of the proposed legisdlation, the TASR wrote. The bill is being processed according to fast-track proceedings and could receive final approval on Thursday, June 18. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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