During the meeting of February 5, the Financial Stability Council approved the concept of establishing a full -functional military risk insurance system in Ukraine, as envisaged by a memorandum on economic and financial policy between Ukraine and the IMF. This was reported at the National Bank of Ukraine (NBU).
According to the National Bank, discussing and implementing the proposed concept will be done in stages. The next stage will be a presentation and discussion with business representatives.
According to the report, the proposed model provides for the participation of local insurers, international reinsurers and the state through the creation of a special state agency (or other institution identified with international donors). To do this, you need to develop a separate bill. Further discussion of the model and preparation of changes to the legislation will be carried out within the working group with the participation of NBU specialists, the Ministry of Finance and the Ministry of Economy.
The financial stability Council also considered the results of the assessment of the stability of the NBU banks. Most banks have sufficient capital, and the banking system as a whole has a high margin of safety. Those banks that set the increased levels of capital adequacy standards should be fulfilled by April 2026 by the NBU restructuring or capitalization.
The Financial Stability Council was established in March 2015 by the Presidential Decree as a Forum for discussing systemic risks that threaten the state's financial stability.
With regard to the Space Payment System, the National Bank views it as a tool that can provide for the maintenance of internal card operations in the event of force majeure in the payment market. The NBU plans to expand the issue of Space cards, considering it an effective and cost -effective tool for optimizing banks' costs for transactions processing. Two non -bank institutions have already been connected to this system: UkrPoshta JSC and Novapea LLC.
