Shareholders' responsibility to be increased

Shareholders' responsibility to be increased



4 березня 2015 года
ICU

Rada passed a bill that increases shareholders' responsibilities for practices that result in intentional bank failure. As the law gives a broader yet clearer definition of related party lending and prohibits indirect lending to such clients, it is expected to decrease the concentration of risk in the Ukrainian banking sector characterized by a historically large share of non-market lending operations. The bill is up for ratification by the president.

Источник: ICU

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