Central Bank Independence in Transition Economies



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W. Maliszewski 

CASE Foundation 

50

 



12D. Banking Supervision and Exchange Rate Policy 

Supervision on commercial banking is conducted by the NBS (but a government 

inspection is also carried out by the Ministry of Finance or an institution delegated by 

it (Art. 36, 37). The National Bank of Slovakia is responsible for setting the exchange 

rate (Art. 28). 

 

13. Slovenia

15

 

The National Bank of Slovenia (NBS) was founded in June 1991 when the Law 

on the Bank of Slovenia was adopted.  

13A. Governing Bodies and Financial Management 

The managing body of the Bank are the Governor and the Board of the Bank. 

The Board is made up of the Governor, Deputy Governor, three Vice-Governors and 

six external members who are independent experts. The Governor is appointed by the 

Parliament on the recommendation of the President of the Republic Slovenia, Deputy 

Governor and Vice-Governors are nominated by the Parliament on the 

recommendation of the Governor. The experts are proposed by the President of the 

Republic and appointed by the Parliament. The experts may not be bound in any way 

to the organisations supervised by the Bank of Slovenia and may not be elected or 

appointed officials of the State (Art.13). Term of office of all Board members is six 

years. The decisions of the Board are taken with two-third majority of the votes. If the 

Board cannot reach an agreement and, due to this fact, the Governor cannot implement 

his tasks, the final decision on the disputable issue is taken by the Parliament (Art. 21). 

The Governor and the Board are formally responsible to the Parliament (Art. 16). 




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