The comprehensive program for reforming the financial sector
, which was developed under the control of the NBU, did not meet the requirements of the time. In order to help the authorities to make the banking system recover from the terrible situation, we in the committee joined the efforts of representatives of various factions and groups. And as soon as possible all the initiatives of the NBU and the Government were worked out. А dozen laws was passed in the shortest period of time. We also gathered specialists
and created our own Strategy for the Development of the Banking Sector
. We got this document first among all parliamentary committees, involving leading economists, bankers and scholars. We wrote in detail the system failures of the NBU and the Government that led to a significant deepening of the financial crisis of 2014-2015 in figures and graphs. After that, we provided a clear vision of the vector of development
. In particular, to strengthen the financial system and enhance business lending, support the development of industry
, the transformation of state-owned banks into development institutes on the example of Asian "tigers."
On the basis of the Strategy, several dozens of new bills have been developed. In particular, about the NBU and the Deposit Guarantee Fund
, the protection of the rights of creditors and consumers of financial services, the development of all sectors of the financial market - from insurance and credit unions to pawnshops, and even Forex and crypto-currency
. I am deeply convinced that the formation of a powerful banking system is the key to the development of the Ukrainian economy.
Despite the titanic efforts of our committee, the complete indifference and ignoring of the importance of the development of the financial system by the authorities have led to a slowdown of reforms.
I was forced to resign office of chairman of the Committee on Financial Policy and Banking. However, this will not change my civic position and will not stop further work on the implementation of legislative initiatives. I continue to work for accelerating the reforms
, improvement and modernization of not only the financial system, but also the entire Ukrainian economy.