The Ukraine National Commission on Securities and Stock Market held an online meeting with Germany’s Federal Financial Supervisory Authority (BaFin) to set bilateral cooperation priorities for 2026, centred on advancing risk-based supervision, increasing the use of data in oversight, and modernising capital markets infrastructure. The agenda included building an effective supervisory data architecture, implementing a risk-based approach, applying technological solutions including artificial intelligence, and improving supervision of capital markets infrastructure. BaFin indicated its readiness to support the Ukrainian regulator in strengthening institutional capacity, and both sides agreed to continue active cooperation in 2026 through specific joint projects and a deeper exchange of practical experience, including on crisis management, compliance and good governance.