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NBU Introduces Modern Approaches to Submission of Reports by Market Participants
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20 November 2018 The National Bank of Ukraine
(the NBU) has approved modern and easy to use rules for compilation and
submission of statistical data to the NBU that will come into effect on 1
January 2019. In particular, new
approaches include: ● starting from the beginning of 2019, data should be submitted in
XML format in accordance with the international practice. Until now banks have
been using a format developed for reporting by the NBU ● systematization
of the statistical report indicators in a user-friendly single register that
will replace the existing forms and is available on the NBU’s official website ● use of open channels for data transfer with a high level of information
security: reports are submitted through the NBU’s web-portal or API, which
makes the submission process easy. Additionally, new rules regulate the requirement for an authorized person to electronically sign a file with the statistical
indicators, and will not require further signing of the respective paper
document. The draft rules have been discussed with the banking community on several
occasions. The new rules will make the updating
process of the reporting requirements more flexible in the future and increase
the data quality through improvement of control algorithms during compilation
of statistical reports. It will foster implementation of the generally
recognized world practices and lay the foundation for the shift to the NBU’s reporting to European regulators. Additional information is available in Ukrainian on the NBU’s website in
the section ”Statistics – Statistical Reporting Framework“. The mentioned rules are approved by NBU Board Resolution No.120 On Approval
of the Rules of Statistical Reporting Submitted to the National Bank of Ukraine dated 13
November 2018. The Resolution comes into effect on 1 January 2019. The Rules
Governing the Compilation and Submission of Reporting Forms to the National
Bank of Ukraine approved by NBU Board Resolution No. 129 dated 1 March
2016 are currently in force. |