Financial Stability Council
(the Council) was established by the Decree of the President of
Ukraine of 24 March 2015 # 170/2015 in order to detect timely and minimize the
risks to stability of the national banking and financial system. The Council comprises the Governor of the National Bank, the
Minister of Finance, heads of the National Commission on Securities and Stock
Market Commission and National
Commission for the State Regulation of Financial
Services Markets, Managing Director of the Deposit Guarantee Fund. Council’s decisions are recommendatory.
The key tasks of the
exchange, identification and monitoring of systemic risks;
on mitigation of systemic risks;
of rapid response measures under financial crisis episodes;
• Coordination of internal and external communications under emerging
crisis situations in financial sector.
The Council holds meetings
at least once a quarter, publishes press releases as
well as annual
report on its activities.