Slovakia: Project Finance/PPP & PFI

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Article
Changes Ahead for Transborder Banking Business
An amendment to the Banking Act came into force on January 1 2005. The amendment focuses on transborder banking business and multinational banking holdings, and implements the Directive on the Implementation of Article 67 of the Treaty (88/361/EEC). It introduces a system of consolidated banking supervision and defines, among other things, the terms 'banking consolidated group', 'financial consolidated group' and 'mixed consolidated group'. The amendment also sets out new
Slovakia Finance
CH
Cernejová & Hrbek
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