INTERNATIONAL: GPW, EBRD and NSSMC Sign MoU

Monday July 10 2023

On 7^th July 2023, the Warsaw Stock Exchange (GPW), the European Bank for Reconstruction and Development (EBRD) and the National Securities and Stock Market Commission of Ukraine (NSSMC) signed a memorandum of understanding (Mou) as part of GPW’s project “Reorganisation of the Capital Market in Ukraine” aims among others to support the integration of the Ukrainian capital market with international capital markets and the development of financial services and products based on international practices and innovative technologies. The cooperation will help to improve price formation and the development of risk hedging mechanisms.

The memorandum of understanding is the result of in-depth analysis and contacts established to identify areas of cooperation with Ukraine.

The memorandum of understanding provides for the implementation of specific activities, such as the exchange of information, including technical assistance reports, financial forecasts, diagnostic market analyses, regulatory framework assessments, and other technical information on capital market infrastructure development and local financial market development in Ukraine. It is also important to define options for the modalities of potential EBRD and GPW support for the development of Ukraine’s capital market infrastructure.

A working group will be established by representatives of the signatories to the memorandum of understanding and other stakeholders to support in the development of Ukraine’s capital market infrastructure, including the preparation of an updated diagnostic assessment of Ukraine’s capital markets in the reconstruction phase.

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