About Twinning project

The National Bank of Ukraine has got a new source of external support. This is a Twinning project Strengthening the institutional and regulatory capacity of the National Bank of Ukraine to implement EU-Ukraine Association Agreement, fully funded by the European Union.


The overall objective of the Twinning Project is to contribute to the macroeconomic stability of Ukraine through institutional strengthening of the National Bank of Ukraine, and building a reliable banking and payments infrastructure. The Twinning Project will indirectly aim to support NBU’s capacity to actively participate in the EU-Ukraine association process.


The project is implemented by the partners from Narodowy Bank Polski and Lietuvos bankas.


The implementation period of the Project is from 1 October 2020 to 30 June 2022. It will involve dozens of experts from Narodowy Bank Polski and Lietuvos bankas, accompanied by professionals from European Central Bank, and central banks of Greece, Hungary, the Netherlands, Portugal and Sweden. More than 100 experts, from both  EU Member States and the NBU will participate in different project activities.


For the time being, due to the Covid-19 pandemic, all activities are carried out remotely.


The EU Twinning instrument was established in 1998 to support candidate and potential candidate countries in their accession efforts and was made available to the countries of the European Neighbourhood in 2004. The EU Twinning brings together experts from both the administration of EU Member States as well as the beneficiary countries.

Project components

The Twinning project focuses on four areas

 

 

 

 

 

 

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 

A model is developed for the instant payments architecture in Ukraine and a road map to implement the model.

 

 

 

 

 

 

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.

Project leaders

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Mr Paweł Samecki

Project Leader, Adviser to the NBP President, Narodowy Bank Polski

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Ms Vilė Urbonienė

Junior Project Leader, Director of International Relations Department, Lietuvos bankas

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Mr Volodymyr Kuchyn

Beneficiary Country Project Leader, Head of Office for European Integration and International Programs, National Bank of Ukraine

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Mr Dariusz Lewandowski

Resident Twinning Adviser (RTA), Expert in the International Department, Narodowy Bank Polski

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Ms Liudmyla Labur

RTA Counterpart, Head of the EU and Bilateral Relations Division, Office for European Integration and International Programs, National Bank of Ukraine

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Ms Erika Balaikienė

Leader for Component 1 (A), Head of Banking Supervision Division, Lietuvos bankas

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Mr Robert Klepacz

Leader for Component 2 (B), Deputy Director of the Payment System Department, Narodowy Bank Polski

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Ms Gytautė Peseckaitė-Kibickienė

Leader for Component 3 (C), Head of Performance Management Division, Lietuvos bankas

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Mr Tomasz Ciszak

Leader for Component 4 (D), Deputy Director of the International Department, Narodowy Bank Polski

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Useful materials

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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