On April 28, 2026 in the online mode the 5th Steering Committee meeting for the Twinning Project “Implementing effective supervision over non-bank financial institutions” was held online. The project is implemented with the participation of the National Bank of Ukraine and partners from the EU Member States: Poland, Lithuania and Spain.
The project is aimed at strengthening the institutional capacity of the National Bank of Ukraine in the area of supervision over non-bank financial institutions and bringing the relevant approaches closer to the standards and practices of the European Union. Its implementation is an important component of financial sector reform in Ukraine in the context of European integration.
During the meeting, the participants reviewed and approved the final minutes of the previous Steering Committee meeting. Special attention was paid to the presentation of the fourth Interim Quarterly Report on the state of project implementation, as well as to the discussion of the results achieved, current progress and next steps within its implementation.
In addition, the members of the Steering Committee discussed the revision of the project’s rolling work plan, namely Work Plan No. 5, which outlines further cooperation activities between the Ukrainian side and European partners.
The participants of the meeting noted the importance of maintaining consistent and constructive cooperation within the Twinning project, as well as the practical value of expert support provided by the EU Member States for the implementation of European approaches in the area of financial supervision.
The implementation of this Twinning project confirms the effectiveness of the Twinning instrument as a mechanism for practical support to institutional reforms, strengthening the capacity of public authorities and bringing Ukraine closer to the standards of the European Union.
For reference: according to the Resolution of the Cabinet of Ukraine “On Approval of the Procedure for Initiation, Preparation and Implementation of the Twinning Projects” as of 11 October 2016 No 700 the National Agency of Ukraine on Civil Service coordinates the implementation of the institution building instrument of the European Union Twinning in Ukraine. Furthermore, in accordance with relevant legal acts the National Agency of Ukraine on Civil Service is the coordinator of institution building instrument TAIEX implementation in Ukraine. In order to provide effective coordination of Twinning and TAIEX the Twinning Program Administration Office in Ukraine was established, its functions are performed by the Center for Adaptation of the Civil Service to the Standards of the European Union.