Vitaly Vavryschuk, head of financial stability at the National Bank of Ukraine
Ukraine’s parliament has dealt a blow to banking sector reform efforts by striking down a draft law designed to tackle corruption and weak governance at the country’s state-owned lenders.
The IMF-backed bill, which had been in the works for more than 18 months, mandated the introduction of independent supervisory boards at Ukreximbank and Oschadbank. Ukraine’s largest public-sector bank, Privatbank, has had independent directors since its nationalization in December 2016.
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