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Project

Alignment of Ukraine’s Regulatory Framework and Supervisory Practices with EU Prudential Standards in the Banking Sector

Subject: Projects/Programs Involving Experience and Expert Knowledge of International Development Partners
Date: 01.05.2021 – 31.12.2023
International development partner: The European Bank for Reconstruction and Development
Implementing Agency: PricewaterhouseCoopers, an international consulting company

Purpose. This project aims to support the NBU’s efforts to bring its regulatory and supervisory frameworks that are applicable to credit institutions into line with EU standards by addressing existing disparities/identified loopholes.

Products implemented for the NBU and key events:

  • Supporting the NBU’s self-assessment and due diligence in the following areas:
    • verifying the NBU’s self-assessment conducted according to the methodology of the European Banking Authority (standard questionnaires) and the NBU’s additional due diligence, which includes an update of the relevant self-assessment areas (peer review)
    • completing EBA questionnaires and performing due diligence, which is part of the formal equivalence assessment process
  • providing legal support and consultations regarding banking supervision and regulation, including addressing identified gaps relative to the EU prudential framework for banks, providing assistance in drawing up and developing new draft regulations (if required) and amendments to the existing supervisory and regulatory frameworks in Ukraine providing assistance in aligning Ukraine’s supervisory framework for banks with EU best practices, including the key elements of the Supervisory Review and Evaluation Process (SREP).