The National Bank of Ukraine (NBU) has updated the requirements for confirming the sources of the formation of subordinated debt, financial assistance from shareholders and capital instrument with the terms of write-off/conversion, the NBU press service said on Tuesday.
According to the report, the right of the regulator to establish requirements for the sources of regulatory capital is provided for by amendments to Article 30 of the law on banks and banking activities. The changes approved by NBU Resolution No. 159 dated December 29, 2021 come into force on January 5.
In particular, banks, to include components in the regulatory capital, shall submit documents confirming the sources of their formation, taking into account the requirements of the regulation on licensing of banks, the NBU said in the press release.
In addition, the requirements for the interest rate, at which funds will be attracted on the terms of subordinated debt, have been updated, in particular, the bank will justify its size, the NBU said.
