{"id":1180993,"date":"2025-06-04T13:10:38","date_gmt":"2025-06-04T10:10:38","guid":{"rendered":"https:\/\/www.nssmc.gov.ua\/?p=1180993"},"modified":"2025-06-16T15:19:15","modified_gmt":"2025-06-16T12:19:15","slug":"zberezhennia-makroekonomichnoi-ta-finansovoi-stabilnosti-rehuliatory-zvituiut-pro-realizatsiiu-stratehii-rozvytku-finansovoho-sektoru-ukrainy","status":"publish","type":"post","link":"https:\/\/www.nssmc.gov.ua\/en\/zberezhennia-makroekonomichnoi-ta-finansovoi-stabilnosti-rehuliatory-zvituiut-pro-realizatsiiu-stratehii-rozvytku-finansovoho-sektoru-ukrainy\/","title":{"rendered":"Maintaining macroeconomic and financial stability: regulators are reporting on how they’re doing with Ukraine’s Financial Sector Development Strategy"},"content":{"rendered":"

The National Securities and Stock Market Commission, the National Bank of Ukraine, the Ministry of Finance of Ukraine, the Deposit Guarantee Fund, and the Ministry of Economy of Ukraine have made progress in implementing the Financial Sector Development Strategy of Ukraine (hereinafter \u2013 the Strategy), presented to the public in August 2023.<\/strong><\/p>\n

As of the end of 2024, all indicators for achieving strategic goals show positive dynamics: 87% of the Strategy measures were fully implemented or have been in the process of implementation according to the Strategy’s schedule.<\/p>\n

Four measures were successfully implemented:
\n\u2013 expansion of the range of government bonds;
\n\u2013 approval of the National Revenue Strategy for 2024\u20132030;
\n\u2013 improvement of corporate governance in the financial sector;
\n\u2013 improvement of the system of information disclosure by issuers.<\/p>\n

Thanks to the implementation of measures under the Sustainable Public Finances initiative, the best progress was recorded under Objective I, Macroeconomic Stability, at 25%. The implementation of Objective II, Financial Stability, ranks second (7%). The implementation of most measures requires a long-term timeframe, including the adoption of legislative initiatives in Parliament. The relevant measures are being implemented according to schedule.<\/p>\n

Other key achievements of the Strategy for 2023\u20132024 include:
\n\u2013 approval of a strategy to ease currency restrictions, move toward a more flexible exchange rate, and return to inflation targeting;
\n\u2013 approval of a medium-term public debt management strategy for 2024\u20132026;
\n\u2013 approval of the Credit Development Strategy;
\n\u2013 approval of the Entrepreneurship Development Fund Strategy;
\n\u2013 approval of the National Financial Literacy Development Strategy until 2030;
\n\u2013 improving the public finance and public investment management system;
\n\u2013 conducting a stability assessment, including an AQR and an assessment of the performance indicators of the 20 largest banks under the baseline scenario, with the determination of the necessary capital adequacy ratios;
\n\u2013 adoption of the Law of Ukraine On Credit Unions;
\n\u2013 admission of securities of foreign issuers to circulation within the territory of Ukraine, in particular securities of foreign issuers (S&P 500 index) and debt securities;
\n\u2013 adoption of the Law of Ukraine On Agricultural Notes, which provides for the introduction of a new financial instrument \u2013 agricultural notes as non-equity securities;
\n\u2013 amendments to the Law of Ukraine On State Regulation of Capital Markets and Organized Commodity Markets and certain other legislative acts of Ukraine on regulation and supervision of capital markets and organized commodity markets;
\n\u2013 implementation of a pilot project on the registration of issues of credit-linked notes.<\/p>\n

Detailed information on the implementation of strategic measures for the development of Ukraine’s financial market as of the end of 2024 is available in the Report<\/a>.<\/p>\n

At the same time, the continuation of full-scale war and high uncertainty require financial market regulators to update their strategic measures and initiatives in line with new challenges and various scenarios. Therefore, on 13 May 2025, the Financial Stability Council approved an update to the Strategy<\/a>, which is currently being prepared for approval and subsequent publication.<\/p>\n

The National Bank of Ukraine, the Ministry of Finance of Ukraine, the National Securities and Stock Market Commission, and the Deposit Guarantee Fund for Individuals have approved the Strategy for the Development of the Financial Sector of Ukraine<\/a> in 2023.<\/em><\/p>\n

The Strategy aims to ensure further reform and development of Ukraine’s financial sector to make it stable, efficient, competitive, integrated into the international space, capable of withstanding challenges, developing, and contributing to the recovery of Ukraine\u2019s economy.<\/p>\n

The Strategy sets out five strategic objectives: macroeconomic stability, financial stability, a financial system that supports the country’s recovery, modern financial services, and institutional capacity of regulators and the FSS. The strategic objectives are broken down into 26 strategic initiatives for the development of Ukraine’s financial sector. The implementation of the Strategy involves the implementation of 99 strategic measures, distributed among the strategic initiatives. The achievement of the strategic objectives is monitored using 11 indicators.<\/p>","protected":false},"excerpt":{"rendered":"

The National Securities and Stock Market Commission, the National Bank of Ukraine, the Ministry of Finance of Ukraine, the Deposit Guarantee Fund, and the Ministry of Economy of Ukraine have…<\/p>\n","protected":false},"author":342,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[],"class_list":["post-1180993","post","type-post","status-publish","format-standard","hentry","category-golovn-novini","category-news"],"_links":{"self":[{"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/posts\/1180993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/users\/342"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/comments?post=1180993"}],"version-history":[{"count":5,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/posts\/1180993\/revisions"}],"predecessor-version":[{"id":1181143,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/posts\/1180993\/revisions\/1181143"}],"wp:attachment":[{"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/media?parent=1180993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/categories?post=1180993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/tags?post=1180993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}