Аналітично-порівняльне правознавство (Sep 2024)
Evolution of the role of the Council of the National Bank of Ukraine and the Chairman of the National Bank of Ukraine in terms of strengthening the independence of the National Bank of Ukraine
Abstract
The article is devoted to the study of the evolution of the role of the Council of the National Bank of Ukraine and the Chairman of the National Bank of Ukraine in terms of strengthening the independence of the National Bank of Ukraine. It was established that during 1999-2023, the range of subjects entrusted with the main task of the National Bank of Ukraine was changed - currently it is entrusted only to the Council of the National Bank of Ukraine, there were changes in the legal norms that determined the composition and procedure of forming the composition of the Council of the National Bank of Ukraine of the Bank of Ukraine, the term of office of the chairman of the National Bank of Ukraine was extended and the law was changed, which established the requirements for acceptance and dismissal from the position of the chairman of the National Bank of Ukraine - the requirements for this subject of law were strengthened. It has been established that the evolution of the role of the Council of the National Bank of Ukraine in terms of strengthening the independence of the National Bank of Ukraine is manifested in the fact that it was followed by the Parliament of Ukraine in a special law - the Law of Ukraine “On the National Bank of Ukraine” with the following powers: development of the main principles of monetary policy and implementation of control over the conduct of monetary policy; supervision of the internal control system of the National Bank of Ukraine. It is noted that the requirements of the legislation of Ukraine regarding the incompatibility of the position of a member of the Council of the National Bank of Ukraine with other types of his activities are currently debatable. It has been established that the evolution of the role of the Chairman of the National Bank of Ukraine in terms of strengthening the independence of the National Bank of Ukraine is manifested in the fact that the Parliament of Ukraine, in a special law - the Law of Ukraine “On the National Bank of Ukraine”, changed the term of office of the Chairman of the National Bank of Ukraine, established legal norms that strengthen the requirements before his acceptance into office and dismissal from office, it is prohibited for the Head of the NBU to have a representative mandate/hold the position of head of a state authority or other state body (provided that one year has not passed since the day of dismissal from such a position), or to be the head of a political party or a member of the governing bodies of a political party, or be a manager/member of the governing body of a legal entity (with the exception of the NBU), or be a direct or indirect owner of any number of shares (parts, shares) of a legal entity.
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