The Ukraine National Commission on Securities and Stock Market reported on a working visit to Poland where its leadership met with the Warsaw Stock Exchange (WSE) and Poland’s National Depository for Securities (KDPW) to discuss core capital market building blocks, from exchange liquidity to post-trade infrastructure, and to examine scope to expand cooperation between KDPW and the National Depository of Ukraine. Dialogue with WSE focused on the exchange’s role in supporting liquidity, widening investor participation and attracting new issuers, including a review of the Catalyst bond market where more than 500 municipal bond series are traded. Discussions with KDPW covered settlement and depository arrangements such as delivery versus payment (DvP) in central bank money, clearing infrastructure and the role of a central counterparty (CCP), as well as cross-border settlement links; KDPW maintains connections with infrastructures in 18 foreign markets, including Ukraine. The Commission said it is studying Polish market practices with a view to adapting relevant elements in Ukraine to improve the efficiency of domestic capital markets.
Ukraine National Commission on Securities and Stock Market 2026-04-28
Ukraine National Commission on Securities and Stock Market meets Warsaw Stock Exchange and KDPW to explore deeper post-trade cooperation and cross-border settlement links
The Ukraine National Commission on Securities and Stock Market reported a working visit to Poland to discuss core capital market infrastructure with the Warsaw Stock Exchange and Poland’s National Depository for Securities, including exchange liquidity, post-trade arrangements and potential expansion of cooperation with the National Depository of Ukraine. Talks covered the WSE’s role in supporting liquidity and issuer participation, as well as KDPW’s settlement, central counterparty and cross-border link arrangements. The Commission is studying Polish practices to adapt relevant elements and improve Ukraine’s domestic capital markets.