Today, May 14, 2025, marked the official launch of the Twinning project ‘Implementing Effective Supervision over Non-Bank Financial Institutions’ for the National Bank of Ukraine. The event was held online and marked a new stage in Ukraine’s cooperation with European Union countries to raise financial sector regulation standards.
The beneficiary of the project is the National Bank of Ukraine. The initiative was made possible by the joint efforts of three EU countries — Poland, Lithuania and Spain — which formed a consortium to support Ukraine in implementing reforms.
The project aims to improve the supervisory system for non-bank financial institutions in line with European standards and practices. It is an important step in Ukraine’s European integration process, which will ensure more effective regulation, transparency and stability in the financial sector.
As part of the launch, an online meeting was held, attended by representatives of Ukrainian authorities, the National Bank, and experts from European Union countries. Maryna Kanavets, Director of the Center for Adaptation of the Civil Service to European Union Standards, joined in welcoming the participants and emphasised the importance of international support in implementing reforms, particularly through the use of the Twinning instrument.
The launch of the Twinning project is a striking example of constructive cooperation between Ukraine and the EU aimed at strengthening the country’s financial system and bringing it closer to European standards.