In 2025, the NBU will visit FUIB and Universal Bank with an inspection. And not only to them
26 December 2024 09:42
The National Bank of Ukraine has planned to conduct on-site monitoring of four payment market participants in 2025. This was reported by the NBU, according to
Compliance with the requirements of Ukrainian legislation and the sufficiency of measures taken by payment market participants to ensure the continuous, reliable and efficient functioning of the payment infrastructure will be checked.
The National Bank will inspect:
TAS LINK LLC (first quarter);
JSC Universal Bank (II quarter);
JSC “FUIB” (III quarter);
LLC FC AP.MI FINANCE (IV quarter).
The plan for on-site monitoring is drawn up and published in accordance with the requirements of the Regulation on on-site and off-site monitoring of payment infrastructure oversight facilities, approved by Resolution of the Board of the National Bank of Ukraine No. 257 dated 12/31/2022.
The NBU also reminded that on-site monitoring is a form of oversight, i.e. supervision, by authorized employees of the NBU, which is carried out by inspecting facilities to ensure their compliance with the requirements of Ukrainian legislation and assessing the adequacy of measures taken by them to ensure the continuous, reliable and efficient functioning of the payment infrastructure. On-site monitoring can be scheduled or unscheduled.
In accordance with global practice and international standards, there are five financial market infrastructures subject to such supervision
payment systems
central securities depositories;
securities settlement systems;
central counterparties;
trade repositories.
As previously reported
The NBU explained that in-depth analysis is a control (verification) of the receipt of a banking service/financial payment service by simulating the client’s real interaction with the bank in order to confirm compliance/violation by the bank of the established legal and regulatory requirements for the provision of banking services/financial payment services.
