This blueprint for developing the financial sector during the war envisages inflation at a level of less than 15% and possible deviations of the hryvnia to dollar cash rate from the official rate below 5%. These are the short-term indicators for implementing the strategy that were published on August 29.
Indicators also include:
- Carrying out stability assessment, including AQR and stress testing of banks
- Insurance of military and political risks
- Introduction of a comprehensive recovery system, settlement of insolvency, and withdrawal from the market of insolvent institutions (EU Bank Recovery and Resolution Directive)
Among the indicators, the availability of non-performing loan (NPL) settlement tools, ensuring the financial and institutional capacity of the National Commission on Securities and the Stock Market, regulation of the virtual assets market, implementation of legal regulation of investment accounts, and activities of rating agencies in compliance with EU requirements are also mentioned among the indicators.
Implementing the strategy also provides the formation of a road map for the restoration of financial services in the de-occupied territories.