Financial Stability Council
Financial Stability Council (the Council) was established by the Decree of the President of Ukraine of 24 March 2015 # 170/2015 in order to detect timely and minimize the risks to stability of the national banking and financial system. The Council comprises the Governor of the National Bank, the Minister of Finance, heads of the National Commission on Securities and Stock Market Commission and National Commission for the State Regulation of Financial Services Markets, Managing Director of the Deposit Guarantee Fund. Council’s decisions are recommendatory.
The key tasks of the Council are:
• Data exchange, identification and monitoring of systemic risks;
• Recommendations on mitigation of systemic risks;
• Coordination of rapid response measures under financial crisis episodes;
• Coordination of internal and external communications under emerging crisis situations in financial sector.