Expert opinion

Overview of key changes to NBU regulations in April 2025 from the Financial Pulse Center for Economic Research and Forecasting.

During April of this year, the National Bank approved a number of important documents concerning both banks and the non-bank financial market.

In particular, Resolution No. 41 of the NBU Board dated April 1, 2025 approved amendments to the Regulation on the Definition of Persons Related to Credit Unions.

Resolution No. 42 dated 03.04.2025 improved the organization of the transportation of bank valuables in Ukraine, and Resolution No. 46 dated 05.04.2025 standardized the process of the NBU's operations to replenish bank cash desks with cash.

Resolution No. 43 of 03.04.2025 updated the requirements for banks to calculate the minimum amount of credit risk-weighted exposures. The changes will ensure a more sensitive assessment of unexpected losses (damages) from credit risk on active banking operations, which will contribute to improving the financial stability of banks. In addition, they bring the regulatory framework in the field of banking regulation closer to EU standards.

In order to increase the transparency of payment transactions and strengthen the protection of the rights of payment service users, the NBU, by Resolution No. 49 of 17 April 2025, established requirements for financial payment service providers and payment system operators regarding the description of payment transaction execution schemes.

In order to maintain the activity of banks at the auctions of the Ministry of Finance of Ukraine for the placement of domestic government bonds (which is important for ensuring the financing of the state budget exclusively on a non-issuance basis), the regulator updated the list of benchmark domestic government bonds, which banks can use to cover part of their mandatory reserves.

In addition, changes were made to the organization of inspections of banks, changes to the Regulations on the application of measures of influence by the National Bank of Ukraine (NBU Resolutions Nos. 44 and 45), as well as changes to the NBU Resolution “On the peculiarities of regulating the liquidity of banks during the period of martial law” (regarding the conduct of tenders to maintain the liquidity of banks).

A complete list and detailed description of the innovations in the NBU's regulatory framework are provided in the appendix to this material.