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The concept for ensuring national security in financial area has been approved by the government
21.08.2012 10:21 "Agro Perspectiva" (Kyiv) —
The Government has determined the fundamentals of formation an effective and efficient tool of government risk management aimed at preventing and minimizing the effects of potential negative impact of both external and internal factors.
To this end, on August 15, 2012, the Cabinet of Ministers of Ukraine at its meeting approved the Concept for National Security of Ukraine in Financial Area by adopting appropriate order.
So, to achieve this goal, a number of measures are supposed to be taken including:
implementing structural reforms in the economy and ensuring price and financial stability;
ensuring the stability of public finance;
compliance with economically safe level of public debt;
creating conditions for the development and functioning of the internal capital market;
encouraging the real sector crediting, mitigate banking risks;
reducing the vulnerability of the financial sector from unpredictable changes in exchange rates of world currencies and areas of capital flows;
increase in capitalization, liquidity and transparency of stock market;
strengthening stability, transparency and competitiveness of Ukraine’s non-bank financial sector.
The implementation of this decision will protect the state’s national interests in case of emerging and deepening threats in the financial sector, elaborating a tool of public risk management in financial area and minimizing consequences of global threats if they occur, which will help balancing the financial sector and ensure effective functioning of the national economy and economic growth of state.
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