AUB News

Issues of the banking sector

• The Association has processed responses from the departments of the National Bank of Ukraine to provide clarifications on the accounting of liabilities of banks for loan repurchase guarantees and the calculation of credit risk.
• The response from the NBU to the AUB's request on interaction with "Stand still" debtors was processed.
• The Association worked on the issue of discrimination of banks in the process of issuing a bank guarantee in the documents of JSC “Ukrzaliznytsia” and sent proposals to resolve this issue to JSC “Ukrzaliznytsia” and the Antimonopoly Committee of Ukraine.
  A letter was drafted and sent to the National Bank of Ukraine regarding problematic issues in the implementation of corporate governance and internal control by banks in fulfilling the regulator's AML/CFT requirements.
• A meeting of Ukrainian banks and representatives of state and foreign stakeholders was initiated to discuss the level of NPLs in the banking system. The NBU plans to set up a committee to address this issue in a systemic manner within the Association of Ukrainian Banks.
• A letter was sent to the National Bank of Ukraine with a request to provide clarifications on consolidated issues regarding Regulation #65.
• The Association raised the issue of introducing CRS (Common Reporting Standards) and elaborating on the issues for the banking sector for discussion by the banking community.
• Additional tax on net interest income: The Association initiated a meeting of the banking community to discuss and develop a common position on the draft Law No. 9656 on the introduction of an additional tax on net interest income of banks.

Issues of non-bank financial institutions

• The Association received a response from the NBU regarding the consideration of the AUB's proposal to amend Resolution No. 18 dated February 24, 2022.
• Received responses from the committees of the Verkhovna Rada of Ukraine on raising funds from individuals and legal entities to finance housing construction.
• Issues and proposals were consolidated and sent to the National Bank of Ukraine with a request to provide clarifications to Ukrainian payment systems regarding authentication and the use of enhanced authentication.
• Received responses from the Committees of the Verkhovna Rada of Ukraine and the National Securities and Stock Market Commission regarding the possibility of attracting funds from individuals and legal entities by joint investment institutions to finance the construction of housing projects by concluding preliminary real estate purchase and sale agreements.

Participation in thematic events

• A number of meetings were held with the Ministry of Social Policy and banks on a joint project to increase the inclusiveness of public services.
• On August 23, the second meeting of the FinTech working group was held with the involvement of banks, payment systems, and IT companies, where they decided on the location for testing the CBDC platform with the involvement of the Mayor of Fastiv.
• On August 28, the first meeting of the working group was held with representatives of Ukrainian leasing companies to optimize the system of fines in the leasing sector. They discussed the issue of imposing fines for traffic violations in car leasing.
• The second meeting of the Financial Monitoring and Compliance Committee (FMC) was held, where it was decided to create a working group on the basis of the Committee to standardize internal documents of financial companies.

Sincerely yours,
Team of the Association of Ukrainian Banks

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