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NBU improves conditions for applying corrective actions to banks

NBU improves conditions for applying corrective actions to banks

KIEV: The National Bank of Ukraine (NBU) has improved the conditions for applying corrective measures to banks, the central bank has reported on its website. The amendments to the provisions on applying corrective actions to banks were approved by NBU resolution No. 84 dated August 31 that takes effect on September 6. According to the changes, from now on the fact that the bank receives a loan from the NBU to support liquidity by standard liquidity regulation tools of the banking system or having this loan does not provide grounds for the regulator to introduce a special regime of supervising the activities of the bank and appoint a curator to the bank.

The National Bank also introduced equal conditions for charging fines for violation of the requirements of the legislation on financial monitoring by banks. “Earlier, these penalties were calculated as a percentage of the registered authorized capital of the bank, but now they will be determined within the established limit for the corresponding type of violation of the legislation on financial monitoring,” the NBU said. The resolution also harmonized the requirements on the application of measures by the National Bank with the requirements of the NBU legal acts determining credit risk.