February

There took place a seminar meeting of lawyers of Ukrainian commercial banks.

There were outlined prime trends in improving the legislation.

March

There were held consultations of bank specialists in valuable security and investment. There was discussed a draft of “Concept on Founding and Developing Stock Market in Ukraine, Legislative Support of its Activities”.

May

Seminar “Bank Institutions within the Framework of Contemporary Stock Market” was held.

June

The fourth convention of AUB was held.

There took place meetings between the delegates of the fourth convention of AUB, Mr. Leonid Kuchma, President of Ukraine and Mr. Olexandr Moroz, Head of the Verhovna Rada of Ukraine. During these meetings there were discussed the issues as to ways of overcoming the obstacles occurring in course of reformation of the Ukrainian economy and improving the banking system.

September

At the initiative of AUB there was created a workshop on revision of the provision of the NBU “On Prudential Regulations as to Banking Monitoring”. The workshop was made up of responsible officials of the NBU, senior staff of AUB and commercial banks. The major part of banks’ propositions as to the scheme of calculation of daily liquidity key figures was taken into account by the NBU.

November

Workshop made up from associates of the Board of Banking Supervision of the NBU, AUB and commercial banks’ specialists completed the Provision of the NBU “On the Scheme of Formation and the Extent  of Safety Funds of Commercial Banks”. This Provision was subject to considerable revisions along with taking notice of banks’ propositions.

December

During the meeting of the Budgetary Commission of the Verhovna Rada of Ukraine with senior officials of the NBU, AUB and board chairmen of leading commercial banks there was discussed a draft of the Law of Ukraine “On State Budget for 1996” as well as issues on banking taxation were under consideration.

The administration of the NBU and AUB considered the issues on procedures and deadlines as regards formation of statutory funds, bank liquidity standing, the mode of settling prudential regulations and formation of required reserves, exchange operations’ licensing as well as the issue on organization of cash-money turnover. Upon request of commercial banks some requests were satisfied.