The Project was implemented by the Polish Financial Supervision Authority - UKNF to the benefit of the National Bank of Ukraine – NBU.

Implementing Authority (Donor): The Polish Financial Supervision Authority - UKNF.

Beneficiary:

Final Beneficiary: The National Bank of Ukraine (NBU)

The Project implementation period: January–December 2018 (implementation of expert missions: April–October 2018).

The overall aim of the Project

Follow-up to the process of improving competences and operational capacity of the Ukrainian banking sector supervisor i.e. the National Bank of Ukraine. Multidimensional institutional development of the National Bank of Ukraine together with the support of the Ukrainian banking sector. 

Additionally, the activities undertaken within the Project aimed to contribute to the Ukrainian and the EU approximation which is in line with the Polish Foreign Policy Priorities for 2016-2020 regarding the Polish administration support for the accession aspirations and assistance in political and economic transformation. 

Project objectives and results

Were to improve the competences of approximately 105 employees of the National Bank of Ukraine in a series of 5 training and consultation workshops conducted by the UKNF experts in Kiev. 

The Project was the continuation of an expert support of the Polish supervisor for Ukraine and met the current needs of the banking sector in Ukraine within bilaterally specified training needs research.

The scope of the Project 

The Project covered preparation and implementation of 5 training and consultation missions in Kiev within the area of banking sector supervision i.e.: applying macroprudential instruments, inspection process related to AML, licensing of payment services, including peculiarities of licensing of Fintech companies, assessing corporate governance and supervisory assessment of owners of a qualifying holding in banks in the course of acquisition of such qualifying holding and within ongoing monitoring of compliance by the banks’ owners.

Financial resources of the Development Co-operation Project No 30/2018:

The Project was financed by the Polish development cooperation programme 2018 of the Ministry of Foreign Affairs of the Republic of Poland. 

Project total value: PLN 113 400,00.  

Project Activities

The publication expresses exclusively the views of the author and cannot be identified with the official stance of the Ministry of Foreign Affairs of the Republic of Poland.

In regard to all Project materials of the Development Co-operation Project 30/2018, all copyrights are reserved for the Polish Financial Supervision Authority - UKNF.

and other entitled public administration bodies of Ukraine solely in line with the aim and assumptions of theNational Bank of UkraineThe Project materials can be used by the employees of the Development Co-operation Project No 30/2018 "Further strengthening the institutional and operational capacities of the National Bank of Ukraine.”

No.	Activity	Implementation period
1	Assessment of owners of a qualifying holding in banks in the course of acquisition of such qualifying holding and within ongoing monitoring of compliance by the banks’ owners with the requirements on financial standing and business reputation.	4-6 September 2018
2	Polish experience in assessing corporate governance, including collective suitability).	25-26 September 2018
3	Practical experience of the UKNF in licensing of payment services. Peculiarities of licensing of Fintech companies (capital requirements, practice of implementation of sandbox).	17-19 October 2018
4	Polish experience in applying macroprudential instruments.	27 April 2018
5	Polish experience in the organization of the inspection process related to AML.	15 May 2018

Polish development cooperation programme

Information displayed below comes from resources of the Polish aid website of the Polish Ministry of Foreign Affairs: www.polishaid.gov.pl

Development cooperation denotes a concerted effort taken in partnership by developed and developing countries, international organizations and non-state institutions (including NGOs and businesses) to level out global development differences by raising living standards in less developed countries. Development cooperation aims to reduce and eradicate poverty around the world.

The primary objective of Poland's development cooperation is to create conditions for sustainable development of developing countries. This aim is pursued in particular by promoting and consolidating democracy and respect for human rights, helping create modern and efficient state institutions, promoting their sustainable social and economic development1, undertaking actions which contribute to reducing poverty and improving the health condition of the population, as well as raising the level of education and professional qualifications of the population.

A distinctive characteristic of Poland’s approach to development is a deep conviction, stemming from the period of social and economic transformation, that development and creating a prosperous society are impossible without democratizing public life. Consequently, Poland’s development cooperation focuses, among others, on two priority areas of support: democracy and human rights, and good governance meaning in particular: regional development, enhancing the competences and capacities of public administration; reinforcing the rule of law and combating corruption; reinforcing the rule of law and combating corruption; access to reliable and objective information;

The Polish development cooperation is implemented on the basis of the Multiannual Development Cooperation Programme and developed annually Development Cooperation Plans for particular year^*

As a result of the application process and in line with the decision of the Polish Ministry of Foreign Affairs, the financing was awarded to the proposal, submitted by the UKNF, i.e. Development Co-operation Project  No 30/2018  “Further strengthening the institutional and operational capacities of the National Bank of Ukraine” within the Development cooperation plan for 2018.

Contact:                                                                                           
Joanna Lipowczan
Project Manager
e-mail: joanna.lipowczan@knf.gov.pl

Useful Links

• The National Bank of Ukraine - NBU http://www.bank.gov.ua/
• The Polish Financial Supervision Authority - UKNF http://www.knf.gov.pl/en/index.html
• Polish Aid portal of Ministry of Foreign Affairs of the Republic of Poland https://www.polishaid.gov.pl/                         

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^*Detailed information on Poland's Development Co-operation Programme and associated programme documents is available on: www.polishaid.gov.pl