The parliament committee for financial policy and banking operations has recommended that the parliament passes bill No. 3555 on the financial structuring registered on Dec. 24, 2015 and passed at first reading.
An Interfax-Ukraine correspondent has reported that at a meeting of
the committee on Jan. 26 it was also decided to create a working
group with the attraction of representative of the Finance Ministry,
Justice Ministry and the associations of the banking market to prepare
the bill for second reading.
As reported, the parliament in late 2015 postponed the adoption of
the government’s bill on the financial restructuring for early 2016.
“It [the document] has not been discussed by the committee, and there
are no all the conclusions on the document. I talked to the finance
minister today, and we agreed that at the next meeting of the committee
next year we will fist consider the bill,” the head of the parliamentary
committee for financial and banking operations, Serhiy Rybalka, said
speaking in the parliament.
Deputy Finance Minister of Ukraine Artem Shevalev said in the
parliament that the bill was drawn up to overcome negative consequences
in the financial sector caused by crisis in the Ukrainian economy and
fulfill Ukraine’s liabilities to international financial organizations
(IFIs).
The provisions of the document aim at creating an efficient mechanism
of voluntary financial restructuring of debts of companies and their
pretrial readjustment, he said.
