On February 19, 2015, the National Bank of Ukraine Board approved Resolution No 121 On Amendments to the Instruction on the Order of Regulation of Bank Activities in Ukraine (hereinafter – Resolution No 121), whereby rules governing the calculation of prudential ratios such as maximum credit risk exposure per single counterparty (R7) and maximum credit exposure to single insider (R9) have been streamlined.

The move is intended to reduce banks' credit risk exposures by expanding the list of eligible collateral to include deposits that could be accepted as highly liquid collateral against loans.

Resolution No 121 enters into force on the day following its official publication.