Purpose: Provide advisory support to the NBU in developing a regulatory framework to manage and resolve troubled banking assets and create an environment that incentivizes investment into Ukrainian businesses with solvency problems.
Components:
- reform of the regulatory framework
- building institutional capacity and raising awareness among industry players.
Products implemented for the NBU, and key events:
- Preparation of a draft law on ARCs commenced.
- A series of workshops were held covering various aspects of ARC activities: international practices, relevant laws, foreign investment in Ukrainian NPLs, and accounting standards.