Twinning project in the NBU

The implementation of the Twinning project in the National Bank of Ukraine (NBU) will support the implementation of national programs envisaged in the Recovery Plan for Ukraine, such as strengthening macro-financial stability, EU integration aspirations, among others, and will contribute to the achievement of the objectives set out in both the National Bank of Ukraine (NBU) strategy and the financial sector strategy. These are:

• - Guarantee financial stability.
• - To orient the operation of the financial system towards the country's recovery.
• - Offer modern financial services.
• - Effectively regulate the financial sector.

Furthermore, the NBU, as the regulator of the Ukrainian financial services market, undertakes additional commitments and objectives arising from the outcome of the European Council held on June 23, 2022 in Brussels, where Ukraine was granted the status of a candidate country for EU accession. These commitments include:

• - Fulfillment of the commitments undertaken by Ukraine to obtain the single internal market regime of the EU, in particular the approximation of the Ukrainian legislation in the field of financial services to the acquis communautaire.
• - Preparation for accession to the European Union.
• - The development of cooperation with EU member states in the financial sphere, as well as the strengthening of cooperation with European institutions, including the European Insurance and Occupational Pensions Authority (EIOPA), central banks and supervisory bodies of EU member states.

Project objectives

Developing stable, secure and efficient financial services markets in Ukraine

To provide financial resources to the national economy and support the country's post-war recovery, its economic and social development and its integration into the global financial environment.

Application of supervisory evaluation of non-bank financial institutions (NBFI)

In accordance with EU standards and development of the model of economic ratios for non-bank financial groups in Ukraine.

Introduction of quantitative evaluation

Of risks posing a threat of loss of capital, liquidity of non-banking financial services and risk profile.

Development of risk-oriented supervision

And introduction of supervisory evaluation of non-bank financial institutions.

Development of a model

Of prudential requirements for non-bank financial groups.

Institutional strengthening of the capacity of the National Bank of Ukraine

As a Supervisory Authority for Non-Banking Financial Services in the field of European integration of Ukraine.

Contribución del proyecto a los ODS