The bill (Reg. No. 4938) suggests establish efficient mechanisms for maintaining stability of banking system during crisis developments; prevent aggravation of the situation on the monetary market; and broaden mechanisms to exclude insolvent banks from the markets.
It is suggested to make the respective amendments to the laws “On the National Bank of Ukraine”, “On Banks and Banking”, “On the System of Guarantees of Natural Persons’ Deposits”, “On Enforcement Proceedings”, “On the Fundamentals of State Regulatory Policy in the Sphere of Economic Activity”, “On State Procurement”, “On Circulation of Bills in Ukraine”, “On Securities and the Stock Market”, the Code of Ukraine on Administrative Infringements, the Decrees of the Cabinet of Ministers of Ukraine “On the State Duty” and “On the System of Currency Regulation and Currency Control”.
Committee members upheld the bill, adoption of which will establish legal grounds for taking efficient measures to maintain stability of banking system in the condition of increased financial risks.