AUB News

The Association of Banks of Ukraine actively continues to work on addressing key issues of the banking and non-banking sectors, implementing new initiatives and strengthening cooperation with government and international partners.

Issues of the banking sector

• The Association continues to work on the Draft Law with the initiative of additional taxation of the banking system. Meetings with bank representatives and participation in meetings of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy are held to convey the position of the banking system.
• In cooperation with the National Bank of Ukraine and the State Customs Service, the Association identified problematic issues and sent relevant proposals for their resolution. 
• Based on the meeting with the banks of Ukraine and in cooperation with the Office of the President of Ukraine, the Ministry of Economy of Ukraine, Ukrainian Financial and Housing Company, it was proposed to improve the Resolution of the Cabinet of Ministers of Ukraine No. 596 of June 13, 2023 on the mechanism for guaranteeing the rights of buyers of future real estate.
• In cooperation with the financial community of Ukraine, the EBA drafted and sent a request to the National Bank of Ukraine to provide clarification on Article 14 of the AML/CFT Law of Ukraine regarding information accompanying a payment transaction or transfer of virtual assets.

Issues of non-bank financial institutions

• The NBU has processed the Draft Resolution “On Approval of the Rules for Describing the Scheme of Payment Transaction Execution” and provided proposals for improving the regulatory act. 
• Clarifications were received from the NBU regarding financial monitoring and recognition of persons as Politically Exposed Persons.
  The NBU's response to a request from the Compliance and Financial Monitoring Committee (CFMC) for clarification on reporting was processed.
• The NBU's response clarifying the application of NBU Regulation No. 65 dated 11.05.2023 was processed. 
• Proposals to resolve the issue of submitting the statistical report 4IX “Data on Compliance with Prudential Standards and Calculation of Capital Ratios of Non-Bank Financial Payment Service Providers” were developed and sent.
• Proposals to the draft resolution of the Board of the National Bank of Ukraine “On Approval of the Regulation on Prudential Requirements for Financial Companies” were developed and submitted to the NBU.

Participation in thematic events

• On November 3, a meeting was held with Ukrainian banks to discuss the issue of guaranteeing the rights of buyers of future real estate objects (MES) in accordance with CMU Resolution No. 596 of June 13, 2023. 
• On November 21, a regular meeting of the FinTech Committee was held, where practical developments on the creation of stablecoins for the Ukrainian financial system were presented. 
• On November 22, the NPL Committee held a meeting on amendments to the Bankruptcy Code of Ukraine - introduction of the preventive restructuring procedure for the debtor. 
• On November 23, a public presentation of the AUB analytics was held with the involvement of its developer, Oleksandr Markovskyi.
• On November 28, on the day of the financial monitoring system employee, a regular meeting of the Compliance and Financial Monitoring Committee (CFM) was held.