Financial sector news

Discussion of updated solvency requirements for insurers has begun

Hits: 3

The National Bank of Ukraine has published updated requirements for insurers' solvency and investment activities for discussion.

The relevant draft was developed with the aim of bringing the current regulations into line with the Law of Ukraine “On Rating”. The document, which will come into force on January 1, 2026, provides for the possibility of using public credit ratings in Ukraine determined by rating agencies based in foreign jurisdictions. The use of foreign ratings will be possible after their confirmation by an authorized rating agency.
The draft also provides for a one-year transition period for the application of existing ratings of securities issuers. Certain provisions of the document have been clarified to ensure their clear and unambiguous application in practice.

The regulator is accepting comments and proposals on the draft in the established form until December 5, 2025.

Subscribe to our newsletter

aub logo white 70

 

The mission of the Association of Ukrainian Banks is to support the development of the national banking system. The AUB cooperates with the Verkhovna Rada of Ukraine on improving the legislation governing banking activities, and interacts with the National Bank of Ukraine on regulatory support for the functioning of banks and non-bank financial institutions. The CBA takes care of the professional development of bank employees, expands international relations with associations and banking institutions of other countries.

 

Contacts

Subscribe to our newsletter