Banking Development in Ukraine

by Olha Povaliaieva
Tuesday, January 11, 2022
Banking Development in Ukraine

Ukraine introduced new rules to control the work of banking groups

The National Bank of Ukraine has changed specific requirements for the regulation of banking groups. The press service of the regulator reported this.

The new rules provide for the right of the responsible person of the banking group when preparing consolidated statements, not to take into account the statements of the members of the banking group (except for banks), which have an insignificant effect on the activities of the member banks.

Also, a requirement was introduced to calculate the operational risk of a banking group's credit and investment subgroup to take it into account when calculating the capital adequacy of the credit and investment subgroup and the banking group.

According to the NBU, such a calculation will be made in accordance with the requirements of the Regulation on the procedure for determining the minimum amount of operational risk by banks of Ukraine using a test mode and its step-by-step investing-in-ukraine/service-for-investors/accounting/" rel="dofollow">accounting when determining capital adequacy:

  • 50%  from December 29, 2023;
    100%  from December 31, 2024.
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