The National Bank of Ukraine implements the Twinning project Strengthening the Institutional and Regulatory Capacity of the National Bank of Ukraine to Implement the EU-Ukraine Association Agreement (the Project) funded by the European Union.

 

The overall aim of the Project is to promote the macroeconomic stability of Ukraine by strengthening the NBU’s institutional capacity and establishing a reliable banking system and payment infrastructure. Besides, the Project will indirectly aim to support NBU’s capacity to actively participate in the EU-Ukraine association process and its new tasks stemming from Ukraine’s acquiring the status of candidate country.
The Project is implemented in cooperation with the partners from Narodowy Bank Polski and Bank of Lithuania.

 

The Project implementation period is from 1 October 2020 to 31 March 2023. The Project duration, after 3 months suspension and extension, is 30 months. The experts from Narodowy Bank Polski and Bank of Lithuania, as well as specialists from the European Central Bank, central banks of Belgium, Croatia, Greece, Hungary, the Netherlands, Portugal, and Sweden, the Polish and Hungarian National Clearing Houses are involved into implementation of the Project. 
Over 100 experts, both from the EU member states and from the NBU, take part in a range of events within the framework of the Project.

 

Due to the russian military aggression against Ukraine and the Covid-19 pandemic, all activities under the Project are held remotely. 

 

Twinning, the instrument of the institutional cooperation, was launched in 1998 to assist the candidate states for accession to the EU in attaining sound results through the experience exchange. It was proposed for the countries of the European Neighbourhood Policy in 2004. Twinning projects unite experts from the public authorities of the EU member states and of the beneficiary states that obtain the technical assistance.

 

 

 

 

 

 

Component 1 (A): 

Further transposition of Basel Core Principles for Effective Banking Supervision

Transposition of Basel Core Principles for Effective Banking Supervision and the EU capital requirements legislation in the area of internal capital adequacy assessment process (ICAAP), internal liquidity adequacy assessment process (ILAAP) and assessment of the banks’ risk profiles through the Supervisory Review and Evaluation Process (SREP).

 

 

 

 

 

 

Component 2 (B): 
Instant Payment Settlement System

An instant payments model in Ukraine developed.

 

 

 

 

 

 

Component 3 (C): 
Institutional strengthening through the establishment of integrated system of strategic planning, execution and monitoring, processbased model of planning and management

Process-based planning and management model, including a performance management system is introduced in the NBU.

 

 

 

 

 

 

Component 4 (D):

Strengthening of the NBU international cooperation function and capacity in the area of European integration of Ukraine

The NBU international cooperation function is strengthened, in particularly regarding the implementation of the Association Agreement.

 

 

 

 

 

 

COMPONENT 5 (E):

Approaching SEPA

Review of requirements and adjustments necessary for joining Single Euro Payment Area (SEPA).

 

Twinning Newsletter: 2021 February

 

Twinning Newsletter: 2021 June 

 

Twinning Newsletter: 2021 October

 

Twinning Newsletter: 2021 December

 

Twinning Newsletter: 2022 September

 

Twinning Newsletter: 2022 December

 

Twinning Leaflet 

 

 

Twinning Brochure

 

Twinning Newsletter: 2023 March

The The NBU works with international financial institutions with the purpose of enhancing the stability of Ukraine’s financial system. While integrating into the global financial community and moving towards the European Union, the NBU coordinates its actions with international institutions and other central banks. To find out more go to the link