Prudential Regulation of Insurance Activities in Ukraine.

Abstract

The study of practical problems of prudential regulation of insurance activities, such as shadow insurance activities, improvement of insurance standards based on international standards and norms, systemic financial crises requires an appropriate conceptual framework and the formation of a unified approach for understanding of prudential regulation and its boundaries. The National Bank has created two new departments: methodologies for regulating the activities of non-banking financial institutions in the Monetary Stability block and insurance market supervision in the Prudential Supervision block. The main object of attention is systemically important insurance organizations.