In December 2024, a record number of NBU regulations were approved - more than 55
In December 2024, a record number of NBU regulations were approved - more than 55 regulations, according to a report by the Financial Pulse Center for Economic Research and Forecasting.
Analysts noted that a significant number of regulations were approved to bring the legal framework in line with the Law of Ukraine “On Administrative Procedure”, which came into force on January 1, 2025.
“The Law of Ukraine “On Administrative Procedure” applies to relations arising in the course of the NBU's performance of public administration functions. In addition, this law establishes the peculiarities of administrative proceedings for administrative cases considered by the National Bank,” the experts explain.
List of other regulatory innovations of the NBU:
- Approval of amendments to the Rules for Preparation and Submission of Reports by Non-Banking
- Financial Services Market Participants to the NBU.
- The requirements for auditors to inform the NBU of violations have been updated.
- The list of benchmark domestic government bonds, which can be used by banks to cover part of the required reserves, has been updated.
- The peculiarities of assessing the sustainability of banks in 2025 have been determined.
- The Regulation on Conducting State-Supported Agricultural Insurance Activities has been updated.
- Amendments were made to the Regulation on the NBU's on-site banking supervision. The Regulation on the
- Organization of the Risk Management System in Ukrainian Banks and Banking Groups was amended.
- Amendments to the Regulation on the NBU's Emergency Liquidity Support for Banks.
More detailed information on the amendments is available by the link.