Slovenia moved to put its independent central bank under some, limited supervision on Thursday, responding to accusations that the bank had demanded too much state capital for domestic banks to ward off a potential debt crisis four years ago.
The government approved changes to proposed legislation that would authorize the Court of Audit, a state body that supervises public spending in the country, to have some oversight of the Bank of Slovenia’s business activities.
Tilen Bozic, state secretary at the ministry of finance, said the bank would remain independent but the Court of Audit would now be able to review decisions that lead to spending of public funds.
