The Verkhovna Rada of Ukraine adopted as a basis “banking” bill (No. 4367), which is an important condition within the Stand-By Arrangement of the International Monetary Fund (IMF).
Some 258 MPs voted for the bill at an extraordinary meeting on May 20.
As reported, the Verkhovna Rada committee on finance, tax and customs policy, headed by Danylo Hetmantsev, registered “banking” bill on Nov. 12 (No.4367).
The main goal of the bill is to improve corporate governance in banks, in particular to strengthen the responsibility of the bank’s council and board, and the internal control and risk management system.
