Thursday, June 30, 2011

National Bank has the right to appoint a financial groups looking

The bill MPs adopted on second reading and a whole day during the morning session. For a decision 258 deputies have voted, according to RBC-Ukraine. According to certain provisions of the Project, the National Bank carries out supervision on a consolidated basis to banking groups, the State Commission for Regulation of Financial Services and the State Commission on Securities and Stock Market. Financial Group is committed to identify, among financial institutions, its member, the person in charge of the group and align it with the appropriate state regulator. The responsible person of the financial group must ensure that a group of requirements established by the appropriate state regulator. The bill also provides for the right to state regulators to apply sanctions to financial groups and their members in case of violation of laws and regulations of state regulators, in particular, to establish for these groups of high prudential standards, limits and restrictions on certain types of transactions. Recall, December 21, 2010 deputies were the basis for the bill.

No comments:

Post a Comment