RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of September 7, 2018 No. 98

About modification of the Regulations on application of corrective actions by the National Bank of Ukraine

According to Articles 7, of 15, of 55, 56 Laws of Ukraine "About the National Bank of Ukraine", to Articles 66, of 67, of 73, 74 Laws of Ukraine "About banks and banking activity", for the purpose of toughening of requirements in the field of bank regulation and supervision, enhancement of approaches to application of corrective actions for non-compliance by banks with requirements for creation of effective risk management systems the Board of the National Bank of Ukraine DECIDES:

1. Item 7.3 of Chapter 7 of the Section II of the Provisions on application of corrective actions by the National Bank of Ukraine approved by the resolution of Board of the National Bank of Ukraine of August 17, 2012 No. 346, registered in the Ministry of Justice of Ukraine on September 17, 2012 for No. 1590/21902 (with changes), after the paragraph of the fourteenth to add with the new paragraph the fifteenth the following content:

"recognition of risk management system of bank by National Bank inefficient about what witness results of assessment of viability of business model of bank, the analysis of the actual and forecast data of balance of bank, the profit and loss statement, transactions provided by bank with the faces tied with bank, components of the regulatory capital according to the development strategy of bank and the business plan of development of bank calculated using the macroeconomic indicators used by National Bank during evaluating stability of bank according to the basic macroeconomic scenario;".

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