Ukraine's National Securities and Stock Market Commission, together with the National Bank of Ukraine, the Deposit Guarantee Fund, the Ministry of Finance and the Ministry of Economy, Environment and Agriculture, approved an updated Strategy for the Development of the Financial Sector of Ukraine, refreshing shared priorities to address prolonged wartime uncertainty. The update aims to improve coordination among regulators to support macroeconomic and financial stability, attract investment and advance integration with the European Union, and is also envisaged in the Memorandum on Economic and Financial Policy between Ukraine and the International Monetary Fund. Key changes include additional measures on legislative regulation of the Entrepreneurship Development Fund, development of a mortgage lending strategy, reform of mandatory state social insurance, and stronger critical infrastructure and digital operational resilience for the financial sector and the Deposit Guarantee Fund. The capital markets agenda is updated to align the target market model with stakeholders, consolidate accounting infrastructure and attract foreign investors, while the EU integration pillar is expanded through a new “European Integration of the Financial Sector” initiative covering deeper cooperation with EU institutions, participation in negotiations and implementation of EU law reflecting European Commission screening recommendations. The Strategy also introduces a short-term set of key indicators, clarifies five existing indicators and adds four new ones, including indicators linked to remote access to financial and public services via the National Bank of Ukraine BankID System, legislative regulation of investment funds, voluntary funded pension provision and expanding links with a foreign depository to reconstruction and recovery tools. Work on the Strategy is coordinated through the Financial Development Committee under the Financial Stability Council; the Financial Stability Board approved the updated list of measures on 13 May 2025 and the updated Strategy on 26 June 2025, with formal adoption completed via administrative acts including the Commission’s Order No. 08/21/2706/K04. The authorities reported that, by end-2024, 87% of the Strategy’s measures were fully implemented or progressing on schedule.
Ukraine National Commission on Securities and Stock Market 2025-08-11
Ukraine's National Securities and Stock Market Commission and partner authorities approve updated Financial Sector Development Strategy
Ukraine's National Securities and Stock Market Commission, with key financial authorities, approved an updated Strategy for Financial Sector Development to enhance coordination and stability amid wartime uncertainty. It includes legislative measures for entrepreneurship, mortgage lending, social insurance reform, digital resilience, and a new EU integration initiative. By end-2024, 87% of the Strategy's measures were either fully implemented or on schedule.