Final session of the GIZ training for financial regulators in Ukraine

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The fifth and final workshop on implementing the EU Acquis in the area of financial services took place between 22 and 24 November in Kyiv. Participants coming from National Bank of Ukraine (NBU) and state financial regulators continued their work on main EU financial directives and the final outcome of the training series.

Together with Ms. Ana Šabić (Croatian National Bank), the group worked intensively on the upcoming changes for the Economic and Monetary Union. Beyond that, all participants reviewed the provisions on the Central Bank’s independence, which is the key to price stability.

However, when it comes to implementing the EU-Ukraine Association Agreement further coordination of the legal alignment procedures is needed. After a simulation led by Ms. Anne Bercio (IEP), one of the outputs of the training series was presented: a coordination scheme for all Ukrainian stakeholders concerning the implementation of Chapter 6 “Financial Services” of the Deep and Comprehensive Free Trade Agreement.

The second day of the training concentrated on current efforts of the NBU to align with the EU’s legislation on Anti-Money Laundering. Together with Ms. Marcela Kir (Croatian National Bank) participants continued the preparation for a timely transposition and implementation of the AML Directive.

The training concluded with the group’s presentation of the main takeaways to NBU EU department represented by Ms. Lyudmila Labur (NBU and GIZ EU Trainer Alumna) and Mr. Volodymyr Kuchyn (NBU) as well as Ms. Olga Stefanishyna (Director of Government Office for European Integration).

Concluding remarks were given by Mrs. Anne Bercio and Mr. Kuchyn followed by a short summarizing video:


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