Last week, the National Bank of Ukraine presented a plan to implement a new process of regulatory activities at the meeting of the Task Force on Financial Sector Reforms (TFF).
A rolling review of markets under the responsibility of the regulator will be carried out during the reform. It is also planned to improve the regulatory instrument panel and implement new approaches to making decisions that will be based on predictability and efficiency.
The Better Regulation Delivery Office, the Independent Association of Banks of Ukraine and the National Bank of Ukraine actively cooperate to implement this project.
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The NBU Board has previously approved the project “Transformation of the National Bank of Ukraine: reform of the regulatory function” and supported the creation of a special working group. The main goal – to improve the quality of the NBU’s regulatory function.