03.11.2016, 15:09
Council of NBU to Enhance Dialogue with Public
Speaking at a meeting with members of the Public Council set up at the NBU, Chairman of the Council of the National Bank of Ukraine Mr Bohdan Danylyshyn said that the NBU Council is set to enhance dialogue with the public and calls on the expert community and civic institutions to join efforts to establish the Public Council and the Higher Expert Council at the NBU Council that would serve as platforms for professional discussions in the financial sector.
“We would like to hear public opinion and encourage all interested stakeholders to contribute on a pro-bono basis to the activities of these advisory bodies that would serve as platforms for maintaining dialogue with civic institutions and the expert community. We count on cooperation with all interested stakeholders,” said the Chairman of the NBU Council.
The Higher Expert Council at the NBU Council will comprise leading scholars, market experts, former senior officials of ministries and agencies, and representatives from the international expert community.
Mr Danylyshym believes that the composition and mandate of a new Public Council should be extended to include more powers.
“Given the future transfer of functions previously performed by the National Commission for the State Regulation of Financial Services Markets to the NBU and the National Securities and the Stock Market Commission with insurance, leasing and factoring companies, credit unions, credit history bureaus, pawn-shops and other financial companies being placed under the supervision of the NBU, as well as the revised Law of Ukraine On the National Bank of Ukraine, we will review its mandate and role,” said Mr Danylyshyn.
The Chairman of the NBU Council expressed his confidence that through joint efforts the NBU Council would effectively meet the requirements and perform all the tasks assigned to it by the Law of Ukraine On the National Bank of Ukraine and the Constitution of Ukraine.
First Deputy Governor of the NBU Mr Yakiv Smolii backed the proposal put forward by the NBU Council.
“In order to avoid the overlapping of functions performed by the Public Council established at the NBU and the NBU Council, we back the proposal to establish this advisory body with an updated mandate at the NBU Council,” said Mr Smolii.
Mr Smolii expressed his confidence that the NBU Council would maintain effective dialogue with the public based on the highest standards of openness, transparency and partnership.
“We would like to hear public opinion and encourage all interested stakeholders to contribute on a pro-bono basis to the activities of these advisory bodies that would serve as platforms for maintaining dialogue with civic institutions and the expert community. We count on cooperation with all interested stakeholders,” said the Chairman of the NBU Council.
The Higher Expert Council at the NBU Council will comprise leading scholars, market experts, former senior officials of ministries and agencies, and representatives from the international expert community.
Mr Danylyshym believes that the composition and mandate of a new Public Council should be extended to include more powers.
“Given the future transfer of functions previously performed by the National Commission for the State Regulation of Financial Services Markets to the NBU and the National Securities and the Stock Market Commission with insurance, leasing and factoring companies, credit unions, credit history bureaus, pawn-shops and other financial companies being placed under the supervision of the NBU, as well as the revised Law of Ukraine On the National Bank of Ukraine, we will review its mandate and role,” said Mr Danylyshyn.
The Chairman of the NBU Council expressed his confidence that through joint efforts the NBU Council would effectively meet the requirements and perform all the tasks assigned to it by the Law of Ukraine On the National Bank of Ukraine and the Constitution of Ukraine.
First Deputy Governor of the NBU Mr Yakiv Smolii backed the proposal put forward by the NBU Council.
“In order to avoid the overlapping of functions performed by the Public Council established at the NBU and the NBU Council, we back the proposal to establish this advisory body with an updated mandate at the NBU Council,” said Mr Smolii.
Mr Smolii expressed his confidence that the NBU Council would maintain effective dialogue with the public based on the highest standards of openness, transparency and partnership.
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