Ukraine and Germany expand cooperation

Ukraine and Germany are expanding their cooperation in capital markets supervision. The relevant protocol was signed by Oleksii Semeniuk, Chairman of the National Securities and Stock Market Commission, and Mark Branson, President of the German regulator BaFin, during a meeting in Frankfurt am Main.

Starting in 2024, the German regulator has joined the process of providing systematic support for reforms and institutional capacity building at the National Securities and Stock Market Commission of Ukraine.

This year, the sides agreed to expand their cooperation into new areas. These include compensation for investors, the use of data for regulatory oversight, and the development of post-trade infrastructure for the capital market.

A separate focus of the partnership is data-driven supervision. This involves approaches to collecting and analyzing information, early risk detection, working with market participants’ reporting, using data during inspections and investigations, as well as developing relevant technological solutions.

As part of this cooperation, the sides will also continue to exchange expertise on the organization of oversight processes and the development of competencies of the professionals involved.

“Our collaboration with BaFin is an opportunity to learn from one of Europe’s most rigorous and effective regulators. Expanding our partnership, particularly in data-driven supervision, will help the NSSMC more quickly adopt modern European approaches and build a transparent and secure capital market in Ukraine,” said Oleksii Semeniuk, Chairman of the NSSMC.

Cooperation between the regulators will continue through the end of 2026 and will cover both existing and new areas of partnership.