Verkhovna Rada Committee for Financial Policy and Banking Activity recommends Ukrainian Parliament adopt as a basis and on the whole draft law

Verkhovna Rada Committee for Financial Policy and Banking Activity recommends Ukrainian Parliament adopt as a basis and on the whole draft law "On introduction of amendments into Law of Ukraine "On measures facilitating capitalization and restructure of banks"

Information Department of the Verkhovna Rada of Ukraine Secretariat
Published on 22 May 2015, at 10:51

The draft law No. 2449 offers to authorize the National Bank of Ukraine "not to put a bank to the list of weak and insolvent financial institutions, in case the reduction in regulatory capital, value of regulatory capital adequacy, values of current and short-term liquidity is conditioned by devaluation of the Ukraine's local currency and/or by formation of reserves to compensate possible costs on active bank operations."

Committee members supported the draft law and concluded that its endorsement would facilitate stabilization of Ukraine's banking system, enhance protection of rights of other banks' creditors.

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