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On June 30, 2026, the National Bank of Ukraine (NBU) Board approved Resolution No. 70, which amends the Regulations on the Organisation of Risk Management Systems in Banks of Ukraine and Banking Groups, as well as other matters concerning the activities of banks in Ukraine. The resolution introduces changes to the existing risk management framework applicable to Ukrainian banks and banking groups. The amendments address the organisation and governance of risk management systems, establishing requirements for how financial institutions must structure their approach to identifying, measuring, monitoring, and controlling risks. The changes also cover specific operational matters affecting banking activities in Ukraine. These amendments are designed to strengthen the regulatory framework governing how banks manage various categories of risk, including credit risk, market risk, operational risk, and other material risks to which banking institutions are exposed. The regulation applies to all banks operating in Ukraine and banking groups subject to NBU supervision. The NBU previously initiated a consultation on draft requirements concerning third-party risk management in banks and banking groups, which informed the development of these amendments. The resolution becomes effective on July 1, 2026. Banks and banking groups are required to comply with the new requirements from this date forward. The full text of Resolution No. 70 is available on the NBU's official website in both PDF and DOCX formats. REFERENCES: National Bank of Ukraine. Resolution of the Board of the National Bank of Ukraine No. 70 of June 30, 2026 "On Approval of Amendments to the Regulations on the Organisation of Risk Management Systems in Banks of Ukraine and Banking Groups and on Certain Matters of the Activities of Banks of Ukraine and Banking Groups." Available at: [NBU Official Website]

On June 30, 2026, the National Bank of Ukraine (NBU) approved Resolution No. 70, which amends the Regulations on the Organisation of Risk Management Systems in Banks of Ukraine and Banking Groups, as well as other matters concerning the activities of banks in Ukraine. Ukrainian banks and responsible persons of banking groups must: Develop, finalise and implement internal bank risk management documents no later than June 30, 2027. Identify a list of critical legal entities or individuals that are business entities providing services directly to a bank or a member of a banking group (TPSP providers), in accordance with the criteria established in internal bank and intra-group documents for identifying critical services provided by TPSP-suppliers and the criteria for identifying critical functions supported by the services of TPSP-suppliers, no later than June 30, 2027. Banks that have service level agreements concluded with TPSP providers prior to the effective date of this resolution must, no later than December 31, 2026: Conduct an analysis of the bank’s compliance, in its relations with TPSP providers, with the requirements, restrictions, and prohibitions established by the laws of Ukraine. To notify the National Bank, in any form, of the decisions regarding TPSP providers adopted by the bank. This resolution shall enter into force on the day following the date of its official publication.

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Ukraine's National Bank Approves Changes to Risk Management System Regulations for Banks

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National Bank of Ukraine Adopts Changes to Risk Management System Regulations for Banks