The Association of Ukrainian Banks today presented the President of Ukraine, Speaker of the Verkhovna Rada of Ukraine and its deputies, members of the Supervisory Board of the National Bank, and others, with an in-depth analysis into the activities of the National Bank of Ukraine [NBU] in its monetary and regulatory policy in 2011.
An accompanying letter, written by the president of AUB states: "We are forced to write to you because of threats to the stability and negative trends in the financial and economic, monetary and banking sectors, which are magnified by the mistakes made by the NBU's management in their implementation of monetary and regulatory policies, as well as in the violation by the NBU, of the Constitution, legislation, and President of Ukraine's decrees.
The AUB questions the professional competence of NBU's management and proposes they all resign...
Not much chance of this happening when the NBU is run by pals of the 'Yanukovych Family'.
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