The National Bank of Ukraine (NBU) introduces new criteria for declaring the bank as problem one, NBU press office reports.
Now, the regulator will also be able to assign the problem status to the bank for presenting the regulator the plans and programs, which do not comply with set requirements.
In addition, the National Bank extended grounds for applying the enforcement actions to the banks in the form of written warning letter, and now, such measures will be applied for non-compliance of requirements regarding the supervision, based on the consolidated grounds.
In addition, the regulator specified and added requirement to the plans of financial recovery and capitalization program, which are submitted by banks to the NBU.
In particular, the measures, planned by the banks, should contain the time of their gradual implementation and achievement of set values of capital ratios and other indicators.
In case of non-compliance of the measures, developed by the bank, with set requirements, the bank should finalize, taking into account the suggestions and remarks of the National Bank, and submit again for approval to NBU within 15 days, starting from the day of receipt of the respective regulator’s requirement.
