The National Bank of Ukraine (NBU), continuing its European integration course and in order to ensure the implementation of the European Union's financial support program for Ukraine, the Ukraine Facility, has made amendments to a number of its regulatory acts in the field of regulating the activities of banks and banking groups.
This is stated in the NBU's message, Ukrainian News Agency reports.
Firstly, banks and banking groups have been established to calculate the minimum amount of credit valuation adjustment (CVA) risk, which is one of the risks that must be covered by capital to comply with minimum capital adequacy requirements.
Credit valuation adjustment risk reflects the probability of a change in the fair value of over-the-counter derivatives in the event of a deterioration in the solvency of the counterparty.
The introduction of requirements for credit valuation adjustment risk ensures that the calculation of capital adequacy ratios is brought into full compliance with EU standards.
The new requirements will be introduced in stages, in particular:
- from February 1 to March 1, 2026 - banks will conduct test calculations;
- from March 1, 2026 - transition to an updated calculation of banks' capital adequacy ratios, which will include a minimum amount of credit rating adjustment risk.
For banking groups, the new requirements will come into effect from April 1, 2026.
Secondly, the list of acceptable collateral providers for the purposes of calculating prudential ratios and credit risk has been expanded.
Thus, banks are granted the right to take into account guarantee instruments provided by public sector entities (PSEs) when mitigating credit risk.
Such instruments are currently offered by public sector entities of leading countries in the world as part of international support for Ukraine.
It is expected that the use of these instruments will increase the ability of Ukrainian businesses to attract loans, which will contribute to financial support for projects to restore Ukraine, in particular within the framework of the Ukraine Facility.
Thirdly, in connection with the completion of the transition of banking groups to the full European standards for assessing liquidity adequacy, the calculation of current liquidity ratios (N5k) and short-term liquidity (N6k) on a consolidated basis has been canceled.
Thus, control over the liquidity adequacy of banking groups will be carried out using liquidity coverage ratios (LCRk) and net stable funding (NSFRk) on a consolidated basis.
As Ukrainian News Agency earlier reported, the NBU eased a number of currency restrictions the day before.
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