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Ukraine’s Banking System to Approximate EU Standards
Politics ♦
Published: July 31, 2013; 10:05 ♦ (Vindobona)
Introduction of Basel-II regulation earlier in 2013 helped banks create more reserves.
Ukraine’s Banking System to Approximate EU Standards / Picture: © Vindobona.org
According to Oleksandr Okhrimenko, president of the Ukrainian analytical center Financial Technologies, the regulation of creating bank reserves (Basel II), which was introduced in Ukraine earlier in 2013, has moved the country’s banking system closer to European standards.
"As of now, the Ukrainian banking system actually employs the same methods of money protection as those…
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