AUB President: We cowardly silent about problems in the banking sector

President of the Association of Ukrainian Banks Oleksandr Sugonyako encourages the banking community to unite around the interests of the Ukrainian economy. Reported by the press office of the association. AUB president declare the three basic principles on which it is possible to build a strong national banking system: the development of Ukrainian economy and create jobs, equal and fair conditions of competition, the ethics of Corporate Business activity relative to other customers. A week ago, the central Ukrainian media reported that World Bank President Robert Zoellick warned that the world is on the verge of a widespread economic crisis. He said this in Washington at a press conference on April 14 after the meeting of the Group of Twenty »(G-20), which was attended by finance ministers and central bankers of the leading countries of the world. Also, a recent interview with The Telegraph chairman of the Bank of England Governor Mervyn King said that there are serious problems and British banks and warned that failure to reform the banking industry may result in the next financial crisis. - It is obvious that these statements are respected the world's financiers are not baseless, and to adequately respond to ordinary economic challenges, including the banking industry - need to unite the efforts of the banking community and solely around the interests of the national economy - said Sugonyako. AUB president confident that the Ukrainian banking industry needs to be reformed. However, in Ukraine, state authorities can not possibly determine whether the admitted power to the crisis, strategic mistakes, and what, in the regulation of banking activity that led to such a record for the European scale effects of the financial and economic crisis in our country. AUB in its "Policy Note" stated his vision of the causes of the crisis and suggested that the main ways to reform the industry. The document in question and the need to clearly see the problems and openly talk about them. Unfortunately, the bankers in Ukraine have also been created "incentives" to orient them to act as they acted. Because of this affected bank customers, banks and government. Now we have to understand what the bankers "were not acting as" to deliberately change the "incentives" to encourage them to do so. AUB president believes that we need to rethink policies in the financial sector. Sector needs greater regulation and incentives for financial support for the development of national production. The crisis arose as a product of culture unreasonable risk culture, which, unfortunately, live up to that time and reminds of itself. - We are cowards as usual is no currency risk, the risk of rupture by terms and currencies in liabilities and assets (so-called "gepy") and other acute problems, in particular, are not talking about irrational behavior and the mistakes of banks in the market of retail banking. Not talking about the causes of these problems. And therefore, does not find out what radical reforms in the regulation of the banking industry needs to undertake. It excites AUB - emphasizes Sugonyako. Unfortunately, in the regulation of the domestic banking industry is experiencing another trend. Acute existed and still exists the threat of destruction of the Ukrainian segment. Ukraine has formed a lobbying group - the Forum of the leading international financial institutions ", which is united around the interests of large foreign financial institutions and their attempts to lobby at the parliament and the central bank, even when those interests diverge with the interests of national economy and the national segment of the banking industry in Ukraine. Among the initiatives aimed against the national economies and banks with the Ukrainian capital, AUB is called the discriminatory decision of the Board of NBU № 273 and the bill number 0884, which put on the brink of destruction more than a third of Ukrainian banks. In AUB emphasize that such actions of the Forum harm the national economy of Ukraine and split the banking community. At the same time AUB stands for consolidation of the banking industry around the interests of the national economy. If foreign banks are willing to work for national economic interests, AUB is open to dialogue and cooperation with them. "The interests of the Ukrainian economy are key here - emphasizes the president of AUB. - The experience of the Czech Republic confirms that smart regulation in the interest of the national economy provides an opportunity to minimize the impact of even the global financial crisis. " In the AUB emphasize that the term "consolidation" is not a substitute for the concept of "absorption" and "merger" of the banks, as is often used in relation to the idea of ??a capital increase and essentially ousted from the market a significant part of banks.