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GISMETEO.RU
UJ Week
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Toughening of capital requirements could hurt banks, says official
Journal Staff Report

KIEV, Dec. 4 – The considerable toughening of the requirements on the size of banks' statutory capitals foreseen in draft law No. 0884 on amendments to the financial laws, could lead to a destabilization of the situation in the banking sector, according to Stanyslav Arzhevitin, the first deputy head of the parliamentary committee for finance and banking and head of the Association of Ukrainian banks.

"The introduction of a UAH 500 million minimum statutory capital could destabilize the banking system," he told Interfax-Ukraine.




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