Eu Delegation to Ukraine  
| 01/04/2012 -

Evaluation of the Past and Preparation of the Future EU-Funded Co-operation in the Area of Financial Services, Assesment of the Current Development in the Financial Services Sector

The development of a consolidated policy for the financial sector.

The policy will emphasise a legislative programme compatible with EU Directives and establish the foundations upon which improvements in supervisory and regulatory standards, market infrastructure and consumer protection can be achieved.

Strengthening financial supervision of the three supervisory authorities, including identification and consolidation of the financial groups.

This will involve:

  • Provision of support to strengthen the financial services sector by increasing awareness and providing extensive training.
  • Development and expansion of the programme of Government securities issues and an improved primary dealer system in the secondary market (following-up the activities initiated under the USAID FINREP project).
  • Rationalisation of the securities market trading and settlement infrastructure. In particular, establishing a single depository and a central counterpart system (following-up the activities initiated under the USAID FINREP project).