The National Bank has submitted new requirements for banks' financial recovery plans for public discussion.
This document introduces mandatory standards for the development, updating, and implementation of financial recovery plans, which will apply to all commercial banks in the country. The main objective of these changes is to strengthen the financial stability of the banking sector and to enable rapid response to potential risks.
Key points of the draft:
- A separate Regulation is approved, governing the requirements for the financial recovery plan of banks.
- Amendments are made to the Regulation "On Measures of Influence Applied to Banks," according to which the recovery plan must be developed in strict accordance with the new standards.
- Appendix 2 to the previous regulation (sample plan) is declared invalid.
This resolution will come into effect 15 working days after its official publication.
The discussion of the draft will continue until December 13, 2025.
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