OREANDA-NEWS. On 16 June 2008 was announced, that Ukrsotsbank Chairman, Borys Timonkin was awarded the Order of Merit. "For a significant contribution to the establishment of state regulation of the securities market system in Ukraine, high professionalism and in connection with the Day of stock market employee", - stated in the Decree of the President of Ukraine, Viktor Yushchenko.

Let us remind that Borys Timonkin was elected as the chairman of the FSTS Council in July 2002.

Replying to a question about the motives of their participation in representative bodies of the various structures of the financial market, Borys Timonkin said: "I’m chairman of the FSTS and the First Ukrainian Bureau of Credit Histories, deputy chairman of the Interregional Stock Union supervisory board, deputy head of AUB Board. All these bodies, their supervisory boards are composed of strong and independent people. Such activity allows to be aware of all the processes, get the essence of the problem from the people who personally deal with it, there is opportunity to influence it from the perspective of the market. These are absolutely different organizations which operate successfully and legally. For me, it is very important to participate in these non-government infrastructure organizations, as with the professional point of view, as from a position of the citizen. I can not calmly look at how "full-fledged" businessmen trying to get some benefits, break already emerged financial market mechanism for their own purposes".