Home » Information materials » Official information » Archive » 2018 |
NBU Extends Term for First Implementation Stage of New Requirements to Organization of Risk Management System in Banks
|

![]() |
|
28 November 2018 The National Bank of Ukraine (NBU) has extended the term for the first
implementation stage of the Regulation On Organization of Risk Management
System in Ukrainian Banks and Banking Groups approved by NBU Board
Resolution No. 64 dated 11 June 2018. In particular, the deadline for bringing the organizational structure of
the risk management system in line with the requirements of Regulation
No. 64 falls on 30 March 2019 for banks and on 30 April 2019 for banking
groups. The extension of terms will make it possible for banks to properly finish
the processing of intrabank documents on the
introduction of organizational measures and their approval by supervisory
boards. The relevant amendments are set forth by NBU Board Resolution No. 126 On Amendments
to NBU Board Resolution No. 64 dated 11 June 2018 dated 26 November
2018. The Resolution shall enter
into effect on 29 November 2018. Please be reminded that the NBU set the
requirements to organization of the risk management system in banks in June 2018. These requirements are based on the
Basel Committee Core Principles for Effective Banking Supervision and
incorporate the best international practice. |