Purpose: To support the reform and development of Ukraine’s financial sector in line with the Strategy for the development of the financial sector of Ukraine, as well as to respond in a timely manner to war-related challenges in the financial system and create the conditions for post-war recovery.
Components:
- improving the efficiency and accessibility of digital financial services (remote identification and electronic document management)
- improving infrastructure for non-performing loans (NPLs) settlement
- strengthening the protection of creditors' rights
- implementation of the digital sustainability standard and development of a regulatory sandbox
- promoting the use of the latest IT technologies
- developing the financial market / capital markets infrastructure.
Products implemented for the NBU and key events:
- a draft proposal for ensuring the rights of creditors has been developed on the example of the experience of EU countries
- a study was conducted and a report was prepared on the implementation of supervision by regulators within the framework of open banking in the Kingdom of the Netherlands
- a study of EU Directive 2019/882 dated 17.04.2019 on requirements for the availability of products and services was conducted and its implementation in terms of banking services on the example of several EU countries, as well as Ukraine's measures to achieve barrier-free operation
- a technical task has been prepared for finalizing the software and hardware complex "Cash circulation automation system"
- Microsoft's DeepSeek, ChatGPT, and Copilot 365 language models were tested for their ability to analyze reports with various infographic formats
- a glossary of terms for the NBU's AI programme has been prepared
- a draft conceptual note on amendments to the legislation of Ukraine has been prepared for the effective settlement of non-performing loans.