On 7 June, 2022, Olha Shumyk will resign as Director of the Nonbank Financial Institutions Regulation Methodology Department at the NBU.
To fill the vacancy, the NBU is about to launch competitive selection for the position of Director of the Nonbank Financial Institutions Regulation Methodology Department.
The future head of the department will be responsible for, among other things:
- drawing up proposals to Ukrainian laws on public regulation of markets of nonbank financial services
- drawing up NBU regulations and administrative acts on public regulation of markets of nonbank financial services in line with Ukrainian laws.
For detailed information on job application requirements, please visit the NBU’s website.
Serhiy Savchuk, Deputy Director of the Nonbank Financial Institutions Regulation Methodology Department, will be acting Director until the appointment of a new Director.
The Nonbank Financial Institutions Regulation Methodology Department belongs to the Monetary Stability line, which is supervised by Deputy Governor of the NBU Sergiy Nikolaychuk.
“In the past two years, the NBU made significant progress in creating the new regulation of the nonbank financial sector. The adoption by the Verkhovna Rada of new legislation, namely the Law On Financial Services and Financial Companies, the Law On Insurance, and a number of others, as well as the development of new NBU regulations on key subjects lay the fundamentally new, progressive foundations for nonbank financial services. As a result, this market is becoming more transparent and stable, and consumer confidence in it is growing,” Sergiy Nikolaychuk said. “We are grateful to Olha Shumyk for her contribution to this joint result and the leading role in the processes of regulation and methodological support of the nonbank financial services market.”
Olha Shumyk had led the Nonbank Financial Institutions Regulation Methodology Department since 30 June 2020. The Department was established to ensure the effective implementation of functions to regulate nonbank financial services. The NBU took up the functions as of 1 July 2020 from the National Commission for State Regulation of Financial Services Markets under the Split project (dissolving the National Commission for State Regulation of Financial Services Markets and splitting up its regulatory functions between the NBU and the National Securities and Stock Market Commission).