The bill
(Reg. No. 3055) is aimed at increasing stability of public sector banks
activity on account of improving the quality of their assets by transferring to
a specialized banking institution rights to claim of these banks under
commitment of debtors and/or under securities.
Particularly,
the Law “On Banks and Banking Activity” shall be supplemented with new article
71.
It was also noted that the Cabinet of Ministers, the National Bank and the Ministry of Finance uphold this bill and claim that it is aimed at creating legal framework for managing distressed assets of public sectors banks and at increasing stability of these banks activity.
During the
consideration of the draft law, the Committee members emphasized the
introduction of additional public control over the remedial bank activity and
disclosure of information on its activity.
The bill was also discussed during the field meeting of the Committee on October 3 in Odesa.