The Verkhovna Rada of Ukraine adopted the Law “On amendments to several laws of Ukraine re prevention (minimization) of negative influence on the stability of banking system”

Information Department of the Verkhovna Rada of Ukraine Secretariat
04 July 2014, 12:00

The legislative act suggests establishing 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.

The respective amendments are made 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”.   

The respective bill was registered under No. 4938.