* * * Ladies and Gentlemen: Good morning! First of all, let me thank the organizers for inviting me to participate in this conference. It is a pleasure to speak on today’s panel. Before I begin, I would like to take a moment to recognize the achievements of the National Bank of Ukraine in enhancing its transparency.
With the Insolvency and Bankruptcy Code (IBC) (December 2016), the legal framework for financial regulation is also moving closer to being comprehensive and effective in the context of non-financial corporate borrowers. However, the lack of resolution framework for non-bank financial entities remains a crucial gap that deserves prompt attention of the authorities.