The Verkhovna Rada Committee on Financial Policy and Banking took respective decision at its offsite meeting on May 20.
Chairperson of the Committee Serhii Rybalka expressed hope that the Government will take in consideration the proposals elaborated and supported by such a wide range of specialists, Ukrainian and foreign bankers, experts and scientists, both in terms of the reforms for this year and in the governmental Action Plan promised for presentation before late this year.
The Committee considered and now recommends that the Verkhovna Rada of Ukraine adopt the draft law No. 4529 "On amendments to some legislative acts of Ukraine" (as to stimulating bank crediting in Ukraine) as a basis.
The people's deputies also considered a package of disputable issues that emerged during the update of the draft law No. 3498 "On amendments to some legislative acts of Ukraine" (as to regulated markets and derivatives) for its second reading.
The participants in the offsite meeting were Head of the National Commission for Securities and Stock Market Tymur Khromayev, Head of the Vinnytsia regional state administration Valerii Korovii, head of the Vinnytsia regional council Anatolii Oliinyk, Deputy Head of the Vinnytsia city council for financial affairs Halyna Yakubovych.
The Draft Strategy was also approved at the all-Ukrainian scientific forum on May 19-20.
As earlier reported, on April 18, Chairperson of the Verkhovna Rada Committee on Financial Policy and Banking Serhii Rybalka presented the draft Strategy on development of the banking system of Ukraine for 2016-2020 for civil discussion and further update.
The basic draft strategy was elaborated by a workgroup formed of experts in the field of monetary, currency and banking regulation, banking business, representatives of non-government and scientific organizations. The draft envisions overcoming current crisis, creation of preconditions for stability of the hryvnia and banking system, recovery of trust in the Regulator as well as the creation of a system of stimuli to speed up the economic growth.
The priorities of the strategy for the forthcoming four years are the change of the monetary policy, reformation of state-owned banks into instruments of economic development, change of the economy structure and stimulation of exportation of technical commodities and developed services, etc.
The strategy aims to raise the quality of the Central Bank's policy, trust in the Regulator, banking system and hryvnia, development of competitive market of banking services and stimulation of crediting of the real sector of economy.