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Ukraine's to transfer to new model of banking supervision by 2018

Ukraine's to transfer to new model of banking supervision by 2018The National Bank of Ukraine (NBU) intends by 2018 to transfer to a new model of banking supervision, which will be based on a risk-based approach, a source in the banking circles has told Interfax-Ukraine, with reference to NBU Deputy Head Yekaterina Rozhkova, during the regulator's traditional meeting with bank representatives.

According to the report, the new approach to all the banks' oversight functions will be developed and tested in 2016-2017, and from the middle of 2018 it is planned to implement all of its elements.

According to the presentation, in 2016 banks will be divided into groups according to their business models. In 2017 the business models will be analysed for the viability of banks.

In addition, corporate governance and internal control system will be analysed, capital risks and capital adequacy to cover them, liquidity and funding risks will be assessed.

"The ultimate goal of reforms is to make an oversight function aimed at risk analysis for the entire banking system, the source of which is the activity of individual banks," Rozhkova said.
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