(Read the full article on unian.ua)

The Verkhovna Rada of Ukraine amended some laws in order to improve the organization of corporate governance in banks and other issues of the banking system, UNIAN reported.

According to a UNIAN correspondent, for the adoption in the second reading of the draft law “On Amendments to Certain Legislative Acts of Ukraine to Improve the Organization of Corporate Governance in Banks and Other Issues of the Banking System” (74367) voted 279 deputies with the required minimum of 226 votes.

According to the explanatory note to the document, the proposed changes are necessary, in particular, to strengthen corporate governance in banks and bring the capital structure of banks and capital requirements in line with the provisions of European Union law.

“The purpose of the bill is to improve the regulation of banks and banking groups, strengthen the banking system of Ukraine, eliminate accumulated problems identified during the supervisory and regulatory activities of the National Bank, as well as bring Ukrainian legislation to EU standards on corporate governance and risk management system. banks “, – it is told in the explanatory note.

It is noted that the adoption of the bill will improve the quality of the National Bank’s performance of its functions in the field of banking regulation, increase the level of supervision of banks and the banking system as a whole, harmonize the provisions of Ukrainian legislation with EU banking legislation. In addition, the adoption of the document will increase the transparency and stability of the banking system of Ukraine and help protect the rights of depositors and other creditors of the bank.