“Control purchases” and “mystery shopping for services”: NBU improves its supervision
24 December 08:49
The National Bank of Ukraine is introducing a new form of on-site banking supervision in the banking and payment markets using a risk-based approach. This was reported by the NBU, according to Komersant ukrainskyi.
This decision was made as part of the step-by-step implementation of EU rules on banking supervision.
Amendments to the Regulation on the implementation of on-site banking supervision by the National Bank of Ukraine, in particular, provide for the introduction of a new form of on-site banking supervision in the form of in-depth analysis.
“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 legislative and regulatory requirements for the provision of banking services/financial payment services,” the NBU explained.
In addition, the amendments narrowed the list of decisions of the bank’s collegial bodies that must be reported to the NBU. Instead of all minutes, banks will submit to the NBU registers of decisions made by collegial bodies for the previous month and minutes only on a certain list of issues related to the risk management system and having a significant impact on the viability of banks.
Amendments to the Regulation were approved by Resolution of the Board of the National Bank of Ukraine No. 151 dated December 18, 2024, which will come into force on January 1, 2025.
