KIEV, Nov. 20 – The reduction in activity of foreign banks on the Ukrainian market is linked to the toughening of requirements on capital in the European Union, National Bank of Ukraine Governor Ihor Sorkin said.

"Bank regulators in the EU over the past few years have considerably toughened the requirements on the adequacy of capital of European banking groups and are continuing to do so, including as a part of the implementation of the Basel III standard," he said in an interview with Interfax-Ukraine.