The European Central Bank (ECB) is warning Slovakia of the potential negative impacts of changes made on the special levy that banks pay in Slovakia. In its opinion this measure is likely to jeopardise financial stability in the country, as it might disproportionately lower the profitability of the banking system.
The Slovak cabinet proposes to double the levy as well as cancel its current time cap. Parliament is dealing with the proposal in a fast-track proceeding.
Finance Minister Ladislav Kamenický sees two recommendations in the letter sent by ECB. The first one is to elaborate an impact study and the second one is to cap the levy.
28. Nov 2019 at 12:06 | Compiled by Spectator staff