Kateryna Rozhkova, the last major leader of the central bank team that closed 100 insolvent banks during the 2015-2017 banking cleanup, has been stripped of her powers to regulate banks.

Kateryna Rozhkova, the last major leader of the central bank team that closed 100 insolvent banks during the 2015-2017 banking cleanup, has been stripped of her powers to regulate banks. The National Bank of Ukraine Board made the move Tuesday, apparently a compromise step in face of pressure from the IMF and Western Ambassadors to keep her at the bank. Kyrylo Shvechenko, the new central bank Governor, takes over banking supervision responsibilities from Rozhkova. She is now in charge of consumer credit protection and the central bank’s pension fund.