OREANDA-NEWS. The senior management team of the National Bank of Ukraine jointly with senior officials from the Ministry of Justice of Ukraine and the Deposit Guarantee Fund (DGF) adopted a decision to establish an Expert Council and a Monitoring Committee to oversee the enforced disposal of large assets from insolvent banks.  The decision to this effect was taken at a joint meeting of the NBU, DGF and the Ministry of Justice of Ukraine.

The aim of the Expert Council and the Monitoring Committee is to ensure the transparency of the enforced disposal of encumbered assets (assets pledged as collateral) through an electronic trading platform operated by Setam, a state-owned company. Within the scope of its powers, the Council shall coordinate efforts of the Ministry of Justice of Ukraine, the NBU and the DGF.

The Expert Council shall comprise representatives from  the Ministry of Justice of Ukraine, the NBU and the DGF. Representatives of the State Property Fund of Ukraine will also be invited to participate in the work of the Expert Council.