AUB News

We report on the Association's activities on a monthly basis. Therefore, we would like to inform you about certain measures/steps taken by the
taken by the Association in September 2023 to address topical issues of development and protection of the financial sector.

Banking sector issues

• Thanks to the well-reasoned position of the UAB in communication with JSC “Ukrzaliznytsia”, the issue of discrimination against banks during the issuance of a bank guarantee was resolved. Relevant proposals of the Association were included in the draft procurement contracts.
• The response of the National Bank of Ukraine to provide clarifications on the bank's internal control in fulfilling the regulator's AML/CFT requirements was processed.
• Consolidated the position of the banking community on the initiative to increase the tax burden on banks. Relevant comments and proposals were sent to the Verkhovna Rada of Ukraine and the National Bank of Ukraine to protect the rights of creditors. DBA management took part in two meetings initiated by the Verkhovna Rada Committee, where these positions were voiced.
• Based on the roundtable discussion on NPLs in the banking system, a number of requests and proposals were sent to the executive and legislative authorities to improve the bankruptcy process.

Issues of non-bank financial institutions

• The Association has processed the response of the National Bank of Ukraine on the issue of Credit Register 2.0, where the regulator took into account the proposals of the BCA.
• A request was made to the NBU to detail and explain to the financial community the practice of applying enforcement measures in the form of significant fines.
• The Association proposed to the NBU to ease currency restrictions for non-bank payment service providers.
  Based on the meeting of the Compliance and Financial Monitoring Committee (CFM), an appeal was sent to the NBU regarding the practical application of NBU Regulation No. 65 dated 11.05.2023.
• The NBU's response on financial monitoring issues for non-bank institutions subject to financial monitoring has been processed.

Participation in thematic events

• On September 5, a roundtable discussion was held with Ukrainian banks and representatives of state and foreign stakeholders on the issue of NPLs in the banking system. A committee was set up on the basis of the Association of Ukrainian Banks to systematically resolve this issue, headed by representatives of JSC Ukreximbank, JSC Oschadbank, and JSC Ukrgasbank.
• On September 12, the NBU held its first discussion panel on “Expectations of the Monetary Committee's decisions and their impact on the banking system.” It was decided to hold such discussions on a regular basis.
• Two meetings of the FinTech working group were held to present the results of the work done by all participants.
  On September 26, the NBU's Compliance and Financial Monitoring Committee (CFM) held a meeting to discuss financial monitoring reporting.
• On September 27, the NBU held an event to summarize the results of the first half of the banking system and awarded more than 20 banks in various categories.
• On September 28, a roundtable discussion was held with Ukrainian banks, developers, and Ukrfinzhytlo PrJSC to find an alternative to bank guarantees with a mechanism to guarantee the rights of buyers of future real estate.

Sincerely yours,
Team of the Association of Ukrainian Banks

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