KYIV, March 26 – A working group, including the National Bank of Ukraine (NBU), the Deposit Guarantee Fund (DGF) and the World Bank, proposed the key steps towards harmonization of national laws with EU Directives, specifically with Directive 2014/59/EU, establishing a framework for bank recovery and resolution (BRRD), the NBU reported.

According to the NBU, this document highlights main aspects of the future mechanism of recovery and resolution of banks that will enhance financial stability and ease the burden for taxpayers.