Certainly, here is a concise overview of this act:<\/p>\n
1. **Essence of the Law:**
\n The resolution amends the regulatory legal acts of the NBU to improve the procedure for banks to determine credit risk and enhance the efficiency of managing problem assets. This is done to implement the provisions of EU Regulation No. 575\/2013 on prudential requirements for credit institutions.<\/p>\n
2. **Structure and Main Provisions:**<\/p>\n
* Amendments to Regulation No. 351 on determining the amount of credit risk by Ukrainian banks for active banking operations have been approved.
\n* Changes have been made to the deadlines for developing and implementing internal regulations of banks regarding credit risk assessment and problem asset management.
\n* Specific dates have been set from which banks must calculate credit risk, taking into account the new requirements.
\n* Amendments have been made to the appendices of the Regulation, particularly regarding PD coefficients, calculation formulas, and value ranges.<\/p>\n
3. **Key Provisions for Implementation:**<\/p>\n
* Banks need to develop or amend internal documents regarding credit risk determination by July 31, 2026.
\n* The calculation of credit risk according to the new requirements should be carried out in stages, starting from different reporting dates (May 1, October 1, November 1, 2026, and January 1, 2027), depending on the specific changes.
\n* The changes relate to the definition of debtor default, termination of default recognition, management of problem assets, and application of PD coefficients.
\n* The changes concern the credit risks of banks, which is important for financial stability.<\/p>\n