Zelensky changes composition of Financial Stability Council

Zelensky changes composition of Financial Stability Council

President of Ukraine Volodymyr Zelensky has made changes to the regulations on the Financial Stability Council.

The relevant decree, No.301/2023, was published on the president’s website, Ukrinform reports.

According to the document, the Council consists of the Governor of the National Bank of Ukraine (with consent), the First Deputy Prime Minister - Minister of Economy, the Minister of Finance, the Chairman of the National Commission on Securities and Stock Market, the Managing Director of the Deposit Guarantee Fund, two NBU Deputy Heads, the Deputy Finance Minister, appointed by their heads, and the Deputy Head of the Office of the President, whose responsibilities include economic policy issues, participating in its work on a public basis.

A meeting of the Council is authorized if at least seven members are present, including at least one representative each from the National Bank and the Ministry of Finance.

Decisions are made by a qualified majority of the Council members present at the meeting (at least six votes, if seven members participate in the meeting, or at least seven votes, if eight or nine members are present).

As reported, the Financial Stability Council was established by a presidential decree as of March 14, 2015.

Photo: President’s Office

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