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National Bank of Ukraine Once Again Retains the List of Systemically Important Banks Unchanged
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CB Privatbank PJSC, Ukreksimbank JSC
and Oshchadbank JSC were recognized as systemically
important banks for the year 2018 as prescribed in Resolution of the Board of
the National Bank of Ukraine No. 161-D dated 20 March 2018. The aforesaid
banks were recognized as systemically important in 2016-2017. The term
“systemically important bank” in legal framework of many countries stands for
banks that in case of bankruptcy or improper operating could trigger systemic
risks to the financial system. The NBU can apply
tougher prudential requirements to systemically important banks, as well as
higher liquidity and capital ratios. This corresponds to the generally accepted
global practices. Systemically important banks are also subject to special
banking supervision. The
procedure for identifying systemically important banks is carried out in
accordance with the Regulation approved by NBU Board Resolution No. 863 dated 25 December
2014. |