Business news from Ukraine

OLIVER WYMAN TO DESIGN CONCEPT TO DEVELOP DEPOSITORY, CLEARING INFRASTRUCTURE IN UKRAINE

6 December , 2016  

KYIV. Dec 6 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) has attracted international consulting company Oliver Wyman as an advisor to the National Bank of Ukraine (NBU) and the National Commission for Securities and the Stock Market in designing a concept to develop the depository and clearing infrastructure in the country, a well-informed source has told Interfax-Ukraine.

The source did not disclose the details of the mandate of the consulting company.

Early December Head of the National Depository of Ukraine (NDU) Mindaugas Bakas said at a roundtable that Oliver Wyman started working on November 30.

Earlier the NBU and the securities commission proposed to reform the clearing infrastructure to ensure the signing of deals with securities, gradually refusing the services of the clearing center to service contracts on the financial markets.

The proposal was presented to the market players early September.