Legal Foundations of Registration and Licensing of Credit Institutions in Ukraine: in the Context of Ukraine Entering the European Union
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Abstract
Ukraine, seeking to become the member of the European Union, has to harmonize its national legislation with the provisions of European Union legal acts. In the article „Legal Foundations of Registration and Licensing of Credit Institutions in Ukraine: in The Context of Ukraine Entering the European Union“ problems, arising in pursuance of adaptation of legal acts regulating registration and licensing of credit institutions, are analyzed.
In the first part of the article the established in Ukraine banking system is discussed. It is defined as a two-level system, in the first level of which is the National Bank of Ukraine, and in the second one commercial and national banks act on the equality basis. In the second part of the article definitions of bank conception in legal acts of European Union and of Ukraine are analyzed, also activities, which may be operated by the banks in EU and in Ukraine, are compared. The third part of the article is dedicated to the analysis of the legal regulation of bank registration. The requirements of minimum statute capital and principals of its formation while establishing banks are analyzed in the fourth part of the article. The fifth part of the article analyzes legal regulation of licensing procedures of bank activity.
In the first part of the article the established in Ukraine banking system is discussed. It is defined as a two-level system, in the first level of which is the National Bank of Ukraine, and in the second one commercial and national banks act on the equality basis. In the second part of the article definitions of bank conception in legal acts of European Union and of Ukraine are analyzed, also activities, which may be operated by the banks in EU and in Ukraine, are compared. The third part of the article is dedicated to the analysis of the legal regulation of bank registration. The requirements of minimum statute capital and principals of its formation while establishing banks are analyzed in the fourth part of the article. The fifth part of the article analyzes legal regulation of licensing procedures of bank activity.
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Articles
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Please see Copyright and Licence Agreement for further details.
