This month a summary of Counterarguments to recent statements by the Bank of Slovenia along with additional disclosure of misleading statements, falsehoods and unlawfulness has been delivered to the National Assembly of the Republic of Slovenia by the PanSlovenian Shareholders' Association (VZMD), ahead of its` Urgent session (of the National Assebly) – VIDEO REPORT from VZMD.tv / investo.TV.
It is all about 8 crucial facts, substantiated findings and warnings by the VZMD Expert council co-workers, whereby the last (the 8th) fact is actually new and shocking unveiling of the indisputable evidence against the unlawfulness of Slovenian banks valuations and the overblown "bank gap" as a foundation for the billion euro damage to the Republic of Slovenia and its citizens based on unlawful actions by the Bank of Slovenia and its Emergency measures decisions.
Supported by evidence, VZMD, among other things, finds that the Bank of Slovenia - based on its Emergency measures decision - substantiated all emergency measures on bank liquidation score provided by companies Ernst & Young Svetovanje (Advice) d.o.o. and Deloitte svetovanje (Advice) d.o.o., however not by Ernst & Young (Auditing) d.o.o. and Deloitte revizija (Auditing) d.o.o.! Ernst & Young Svetovanje d.o.o. and Deloitte Svetovanje d.o.o. are not auditing companies, and under the law cannot be independent corporate appraisers as required by the Banking Act (ZBan-1L). It follows that the liquidation value of banks, which served as a basis for emergency measures and "hair-cut" cancellations (expropriations) of shareholders and bondholders, was not calculated under ZBan-1L provisions, and which is why it can not be a legal basis for emergency measures.
Other Related International Activities:
CONSTITUTIONAL COURT - VZMD also lodged a proposal for the temporary decree for PROHIBITING THE SALE OF Nova KBM bank - to prevent direct damage to the Republic of Slovenia and its citizens
STRESS TESTS – new and obvious proof of the extremely unequal adjudication of Slovenian banks – are they guilty in Brussels or Ljubljana, and what are their motives? The PanSlovenian Shareholders' Association (VZMD) has called on the Bank of Slovenia (BA) and the European Central Bank (ECB) to explain, why only in Slovenia are we left to use »static« and extremely pessimistic assumptions, while in other countries and banks of the EU fresh data and »dynamic« valuations are used and even allow for
Slovenian Constitutional Court acknowledges the legal interest of 293 initiators united by VZMD who demanded a constitutional review of the Banking Act (Ljubljana, January 2013)
WORLD BANK – President of VZMD and EuroFinUse Board Member speaker of the first panel at the international conference about audit reform and the importance of audit committees (Bucharest, June 2013)
INDIA – visit of Slovenian government and business delegation – on the basis of Memorandum between ICPE and VZMD international investors' programs investo.si and investo.international also present (New Delhi, February 2013)
EXCLUSIVE VIDEO REPORT of “International Conference on Benefits and Challenges of Public Private Partnerships for improving Energy Efficiency” – key statements of prominent participants (Ljubljana, October, 2012)
VIDEO REPORT - International Conference at the Brussels Stock Exchange Stimulated Investors' Representatives and Institutions to Participate at the Investors' Week 2012 in September in Slovenia(Brussels, March 2012)
www.vzmd.si – More on the VZMD – PanSlovenian Shareholders' Association
www.vzmd.tv and www.investo.tv – Over 300 videos from VZMD.TV and investo.tv
www.investo.si – More on the investo.si – Invest to Slovenia Program
www.invest-to.net – More on the network of 55 national organizations of shareholders and investors – invest-to.net