The regulator notes that these innovations bring Ukraine's banking legislation closer to EU standards and will contribute to enhancing the financial stability of banks and further strengthening the banking sector as a whole.
Settlement risk reflects the likelihood of incurring losses or missing out on income from transactions involving the purchase, sale, and exchange of securities, goods, and foreign currency in the event that counterparties fail to fulfill their settlement obligations for such transactions.
For banks, the rules outline the introduction of new requirements in two phases:
- By October 31, 2025, banks must develop or revise existing internal documents to determine the minimum size of settlement risk;
- From November 1, 2025, to February 28, 2026, banks will conduct test settlements and report the results to the NBU.