/ uapress.info
The National Bank of Ukraine (NBU) has amended rules of arranging the security of bank premises, while enabling them to provide insurance of cash and valuables kept in bank vaults, according to a posting on the regulator's website.
The new rules provide for an increase in limits regarding the valuables kept in automated and semi-automated ATM systems, which uninsulated cashiers' desks are equipped with, to 600 and 200 minimum wages, respectively.
In addition, the regulator has simplified a procedure for determining by the banks the security forms depending on the amount of valuables, with the gradation levels being reduced from four to two. Banks will select security forms based on whether or not the amount of valuables exceeds 4,000 minimum wages.
Read alsoNBU to complete stress tests of 40 Ukrainian banks by late autumnIt is reported that the introduction of open rules regarding security of bank premises, as well as the system of insurance of cash and other valuables will be the next step the regulator intends to undertake to bring Ukraine's banking legislation in line with the European principles and standards.
Read alsoNBU orders small banks to step up with capital adequacy criteria fulfillmentAs UNIAN reported earlier, in the framework of cooperation with international financial organizations, including the International Monetary Fund and the World Bank, Ukraine has committed itself to ensuring the compliance of its regulatory requirements in the financial sector with those that are effective within the EU.