Авторизация на порталеРегистрация на портале

web site authorization

Authorization at www.stockworld.com.ua expands your access to web site functions: you may comment publications, organize meetings, participate in events, create personal profile, and view profiles of other registered users
РегистрацияForget your password?
You may use your profile in social networks to authorize on our web site. You automatically accept terms of Web site rules, and Rules of copying and other use of web site materials
Авторизация на порталеРегистрация на портале
You may use your profile in social networks to register on our web site :
08.12.2016 | 11:04
658
0

NBU soured with court decisions

Photo: gd.ru
Photo: gd.ru

The regulator declared on systemic risks for financial stability.

The National Bank of Ukraine (NBU) declared on systemic risks for financial stability of the country because of courts' decisions to restore activities of the banks which licenses were revocked and respective decisions on their liquidation were made, according to the regulator.

NBU reported on following systemic risks for financial stability: return of the banks which were removed from market for violations of financial monitoring standards, regulatory standards, inaccurate reporting, poor business reputation of banks' owners, etc., i.a. weak banks which threaten effective and secure functioning of banking system. 

In case of restoring the removed banks, risk of long-term delays in funds return to individuals by the Deposit Guarantee Fund (other words state budget funds) emerges. Also, the bankers could eliminate responsibility for banks' bancruptcy and vest it upon the Cenral bank. Additionally, it could be a sign for investors on zero creditors' rights and business protection. 

The Regulator also reports the courts have decided to restore activities of 9 banks previously recognized as insolvent as on December 6, in particular: Kapital, Eastern Industrial Commercial Bank, Veles, Radical-bank, Ukrinbank, Premium bank, Soyuz, Financial Initiative and Kyivska Rus. 

The National bank has applied to the Supreme Court with the respective claim to invalidate decisions of appeal courts. The National Bank also notes about necessity of teh soonest quality court reform which will make the corruption impossible, increase its efficiency and return confidence of business and society to courts. 

References in the article: court, risks, banks, nbu, financial stability, court decision
If you see an error on our site, select it and press Ctrl+Enter
Comment0
To post a comment you should EnterEnter or RegisterRegister.
Last news in section: