17:46 09.08.2018

NBU intends to present strategy of macro-prudential policy in autumn - Rozhkova

2 min read
NBU intends to present strategy of macro-prudential policy in autumn - Rozhkova

 The National Bank of Ukraine (NBU) is finalizing work on the macro-prudential policy strategy and intends to present the document to the banking community in autumn, first deputy head of the central bank Yekateryna Rozhkova has said.

"The National Bank will announce the comprehensive vision of the issue this fall - by that time we will finalize the strategy of macro-prudential policy," she told Interfax-Ukraine.

Rozhkova noted that the main task of the relevant regulation is to monitor the accumulation of systemic problems.

"First, we analyze the historical data of the banks. When we collect all the banks together, we will be able to compare their expectations with our macro forecasts. For example, we see that lending to a particular industry is growing too fast, while the monetary unit of the NBU expects prices to fall. In this case, the macro-prudential policy requires setting limits, whether for the entire sector or for a particular segment," she explained, adding that the existing micro-prudential supervision does not allow seeing the whole picture, because it is focused on a particular bank, at which everything could be all right.

In addition, the National Bank together with the Individuals' Deposit Guarantee Fund with the support of the International Monetary Fund and the World Bank has started implementing Directive 2014/59/EC.

After this document is implemented, the central bank, in addition to the business plan, intends to demand the so called "recovery plan" from the banks.

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