KIEV, April 10 – A recently passed law on the system of guaranteeing individuals' deposits could increase the reliability of the banking system, although it could be effective only in conditions of financial stability.

Experts gave their opinion to Dzerkalo Tyzhnia Ukraine weekly at a roundtable entitled "Reform of the individuals' deposit guarantee system: what should the market and depositors expect?" held on April 3, 2012 by the League of Financial Development, with support from USAID's Financial Sector Development Project (FINREP) and the Dzerkalo Tyzhnia. Ukraine weekly newspaper.

Teimur Bahirov, head of a group of advisors of Vice Premier Sergiy Tyhypko, said that if there was force majeure in the country, additional legal acts should be passed. First Deputy Board Chairman of Ukrgasbank, Stanyslav Shlapak said he supports the idea. The director of the general department for banking supervision at the National Bank of Ukraine, Oleksiy Tkachenko said that this would be possible to realize, if it is required.