The National Bank has approved a list of additional measures to maintain the stability of the banking system by minimizing the negative impact of Russian aggression.
The regulator has temporarily expanded the list of streamlined regulations governing banking operations. The easing relates to the Regulation on Determining the Amount of credit risk on active banking operations by Banks of Ukraine; Regulations on the organization of the risk management system in banks and banking groups; Regulations on plans to resume the operations of Ukrainian banks and banking groups; Regulations on the organization of the process of managing distressed assets in banks of Ukraine.
“It is also envisaged not to apply to banks measures of influence for violation of the procedure for formation and storage of required reserves, established by the relevant Regulation, that emerged amid the war period and came as a result of the negative effect of Russian military aggression,” the NBU said. (Ukrinform/Business World Magazine)
