Rozhkova’s main powers were taken away – media

The NBU took from Rozhkova’s subordination six key departments for the supervision of the banking market.

The first deputy director of the NBU Ekaterina Rozhkova was deprived of the authority of the National Bank to regulate the banking sector. The corresponding decision was made by the Board of the National Bank on Tuesday, October 20, reports Ekonomicheskaya Pravda, citing sources in the NBU.

It is observed that by its decision, the NBU Board changed the structure of the regulator, creating a new chain of command in it. It includes the Department of methodology to regulate the activities of banks, the Department of methodology to regulate the activities of non-bank financial institutions, the Department of protection of the rights of consumers of financial services, the Department of management of bank activities. NBU non-state corporate pension fund. This vertical of command was assigned to Rozhkova.

At the same time, the NBU board took from Rozhkova’s subordination six key departments for the supervision of the banking market and transferred them to its three divisions that do not play a significant role in the regulation of banks.

Previously, Rozhkova had seven structural subdivisions: the Department of Banking Supervision, the Department of Field Inspection, the Department of Market Supervision of Non-Bank Financial Services, the Department of Financial Monitoring, the Department of Licensing, the Department of Regulatory Methodology Banking and the Department of Analysis and Supervision Technologies.

All of these departments, except the Department of Banking Regulation Methodology, have now been moved into the Shevchenko management vertical.

Now, 15 divisions are subordinate to the head of the NBU board Shevchenko, this is almost half of all NBU structural units.

The post suggests that the National Bank board took that step to force NBU board members from Yakov Smoliy’s time to resign.

Previously, the Board of the National Bank did not express confidence in Rozhkova and Sologub. The director of the National Bank, Kirill Shevchenko, supported this decision.

Recall that in July, Shevchenko’s appointment as head of the NBU was supported by 332 people’s deputies.

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