Commission Report 2002 (Slovakia)

Chapter 4: Free movement of capital

Restrictions on institutional investors have been progressively relaxed. Steps have been taken to strengthen supervisory institutions and procedures although, as regards administrative capacity, the National Bank of Slovakia Banking Supervision Department faces a shortage of qualified supervision resources. co-operation between the two supervisory institutions has been established. As regards payment systems, progress has been made with the establishment of a sound and efficient payment infrastructure as foreseen by the Action Plan. Concerning the fight against money laundering, Slovakia is ensuring its compliance with the recommendations of the financial action task force. The strengthening of the Financial Intelligence Department, as foreseen in the Action Plan, is ongoing. Overall, the Accession Partnership priorities in the field of free movement of capital have been partially met. Implementation of the measures under the Action Plan is on track.