OREANDA-NEWS. August 21, 2012. The Government has established fundamentals of forming an effective and efficient tool of public risk management to disable and minimize the consequences of, potential negative impact of both inside and outside developments.

To this end, the other day, on August 15, the Cabinet of Ministers of Ukraine session has approved of the Concept for National Security in Financial Area.

So then, to achieve the goal, a number of measures are supposed to be taken including:

- implement structural economy reforms and ensure price and financial stability;

- ensure stability of the public finance system;

- keep economically safe level of public debt;

- favour development and functioning of the domestic capital market;

- stimulate real sector crediting, mitigate banking risks;

- reduce financial area’s vulnerability to unexpected change of global exchange rates and capital flows;

- increase capitalisation, liquidity and transparency of the stock market;

- raise steadiness, transparency and marketability of Ukraine’s non-banking financial sector.

When implemented, the above solution will protect national interests in the event of emerging and deepening financial area threats, develop a tool of public risk management in financial area and minimize consequences of global threats if originated, which will support financial area’s balance and provide for the national economy’s effective functioning and the country’s economic upturn.