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 NewsRSSZelensky signs banking law
22 of May 2020 г.
Ukrainian President Volodymyr Zelensky has signed a law introducing amendments to some legislative acts of Ukraine to improve some mechanisms for banking regulation, which will make it impossible to repeal the decision by the National Bank of Ukraine (NBU) to nationalize banks, the press service of the head of state has reported - Ukrinform.
"President of Ukraine Volodymyr Zelensky has signed Law No. 590-IX 'On the Introduction of Amendments to Some Certain Legislative Acts of Ukraine to Improve Some Mechanisms for Banking Regulation,' which the Verkhovna Rada adopted on May 13, 2020," the report reads. It notes that the law provides for a set of changes aimed at improving the activities of banks, in particular by strengthening corporate governance and regulating the peculiarities of litigation in cases to withdraw banks from the market. In addition, the law introduces updated mechanisms for withdrawing banks from the market, which are aimed at improving the liquidation procedure and meeting the requirements of as many creditors of the liquidated bank as possible, as well as improving mechanisms for possible state participation in withdrawing the bank from the market. "Such a step will contribute to the reliability and stability of the banking system and the restoration of confidence in it from depositors and creditors," the President's Office said. Отправить в:      другие новости
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