The Committee on Finance and Banking recommends that the Parliament adopts the Bill on Amendments to the Law "On Banks and Banking" (re Specificity of Corporate Governance in Banks)

27 September 2010, 14:48

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The bill (Reg. No. 6545) was drafted to protect the interests of bank depositors and creditors, strengthening the responsibility of bank leaders for the results of bank activity, offering effective tools of risk management and harmonizing the banking legislation with the Law "On Joint-Stock Companies."   

 

The bill extends the authorities of the board in bank governance, and increases its importance. The Committee members believe that adoption of the bill will facilitate harmonization of Ukrainian banking legislation with the European Union laws.