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4 | This material was prepared by Viktoriia Kyfyak (Yuriy Fedkovych Chernivtsi National University) for the Ethics & Finance course within the project Localizing Economic Education for V4 Countries and Beyond. The project was co-financed by the governments of Czechia, Hungary, Poland and Slovakia through Visegrad Grants from the International Visegrad Fund. The mission of the fund is to advance ideas for sustainable regional cooperation in Central Europe. See https://visegrad.webflow.io/ for more information. | ||||||||||||||||||||||||
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9 | Enforcement of Financial Regulations in UKRAINE | Comments | Data source** | ||||||||||||||||||||||
10 | Type of supervision (integrated "one peak", sectoral, "twin peaks" with prudential versus conduct of business) | Sectoral supervision (National Bank of Ukraine for the banking sector, National Securities and Stock Market Commission for non-banking financial institutions) | |||||||||||||||||||||||
11 | Name of the authority(ies) | National Bank of Ukraine (NBU), National Securities and Stock Market Commission (NSSMC) | |||||||||||||||||||||||
12 | Creation date(s) | NBU – 1991, NSSMC – 1995 | |||||||||||||||||||||||
13 | Legal origin (English, French, German, Scandinavian, Communist)* | Communist | |||||||||||||||||||||||
14 | Type of law (civil, common) | Civil law | |||||||||||||||||||||||
15 | Website url(s) | NBU: https://bank.gov.ua, NSSMC: https://www.nssmc.gov.ua/ | |||||||||||||||||||||||
16 | English Website (Y/N) | Y https://mof.gov.ua/uk/budget_of_2024-698 or https://openbudget.gov.ua/?month=12&year=2022&budgetType=NATIONAL | Euros/UAN | Budget in UA ** https://openbudget.gov.ua/?month=12&year=2023&budgetType=NATIONAL | |||||||||||||||||||||
17 | Budget (total income 2023, as mn EUR) | 65298.09 | 40.92 | 2671998 | |||||||||||||||||||||
18 | Budget (total income 2022, as mn EUR) | 578071.02 | 30.92 | 17873956 | |||||||||||||||||||||
19 | Budget (total income 2021, as mn EUR) | 373302.50 | 34.74 | 12968529 | |||||||||||||||||||||
20 | Budget (total income 2020, as mn EUR) | 407273.54 | 26.42 | 10760167 | |||||||||||||||||||||
21 | Budget (total income 2019, as mn EUR) | 314815.17 | 31.71 | 9982789 | |||||||||||||||||||||
22 | Budget (total income 2018, as mn EUR) | 276964.58 | 33.51 | 9281083 | |||||||||||||||||||||
23 | Budget (total income 2017, as mn EUR) | 27912.21 | 28.42 | 793265 | |||||||||||||||||||||
24 | Budget (total income 2016, as mn EUR) | 234771.35 | 26.25 | 6162748 | |||||||||||||||||||||
25 | Budget (total income 2015, as mn EUR) | 278052.42 | 19.23 | 5346948 | |||||||||||||||||||||
26 | Budget (total income 2014, as mn EUR) | 34835.85 | 11.27 | 392600 | |||||||||||||||||||||
27 | Budget (as % of GDP, 2023) | 0.41 | |||||||||||||||||||||||
28 | Budget (as % of GDP, 2022) | 0.34 | |||||||||||||||||||||||
29 | Budget (as % of GDP, 2021) | 0.24 | |||||||||||||||||||||||
30 | Budget (as % of GDP, 2020) | 0.26 | |||||||||||||||||||||||
31 | Budget (as % of GDP, 2019) | 0.25 | |||||||||||||||||||||||
32 | Budget (as % of GDP, 2018) | 0.26 | |||||||||||||||||||||||
33 | Budget (as % of GDP, 2017) | 0.03 | |||||||||||||||||||||||
34 | Budget (as % of GDP, 2016) | 0.26 | |||||||||||||||||||||||
35 | Budget (as % of GDP, 2015) | 0.27 | |||||||||||||||||||||||
36 | Budget (as % of GDP, 2014) | 0.03 | Euros/UAN | Budget in UA ** | |||||||||||||||||||||
37 | GDP (2023 nominal, as bn EUR) | 159770.89 | 40.92 | 6537825 | |||||||||||||||||||||
38 | GDP (2022 nominal, as bn EUR) | 167885.77 | 30.92 | 5191028 | |||||||||||||||||||||
39 | GDP (2021 nominal, asbn EUR) | 157155.27 | 34.74 | 5459574 | |||||||||||||||||||||
40 | GDP (2020 nominal, as bn EUR) | 158747.24 | 26.42 | 4194102 | |||||||||||||||||||||
41 | GDP (2019 nominal, as bn EUR) | 125341.03 | 31.71 | 3974564 | |||||||||||||||||||||
42 | GDP (2018 nominal, as bn EUR) | 106198.33 | 33.51 | 3558706 | |||||||||||||||||||||
43 | GDP (2017 nominal, as bn EUR) | 104958.48 | 28.42 | 2982920 | |||||||||||||||||||||
44 | GDP (2016 nominal, as bn EUR) | 90787.89 | 26.25 | 2383182 | |||||||||||||||||||||
45 | GDP (2015 nominal, as bn EUR) | 102935.93 | 19.23 | 1979458 | |||||||||||||||||||||
46 | GDP (2014 nominal, as bn EUR) | 139017.57 | 11.27 | 1566728 | |||||||||||||||||||||
47 | Employees (FTE, end of year 2023) | NА (There are no data due to the state of war in Ukraine) | https://index.minfin.com.ua/ua/labour/unemploy/ | ||||||||||||||||||||||
48 | Employees (FTE, end of year 2022) | NА (There are no data due to the state of war in Ukraine) | https://index.minfin.com.ua/ua/labour/unemploy/ | ||||||||||||||||||||||
49 | Employees (FTE, end of year 2021) | NA | |||||||||||||||||||||||
50 | Employees (FTE, end of year 2020) | NA | |||||||||||||||||||||||
51 | Employees (FTE, end of year 2019) | NA | |||||||||||||||||||||||
52 | Employees (FTE, end of year 2018) | NA | |||||||||||||||||||||||
53 | Employees (FTE, end of year 2017) | NA | |||||||||||||||||||||||
54 | Employees (FTE, end of year 2016) | NA | |||||||||||||||||||||||
55 | Employees (FTE, end of year 2015) | NA | |||||||||||||||||||||||
56 | Employees (FTE, end of year 2014) | NA | |||||||||||||||||||||||
57 | Rule of law index (World Bank, 2023) | -0.9 | https://databank.worldbank.org/source/worldwide-governance-indicators/Series/RL.EST | ||||||||||||||||||||||
58 | Rule of law index (World Bank, 2022) | -0.9 | |||||||||||||||||||||||
59 | Rule of law index (World Bank, 2021) | -0.7 | |||||||||||||||||||||||
60 | Rule of law index (World Bank, 2020) | -0.7 | |||||||||||||||||||||||
61 | Rule of law index (World Bank, 2019) | -0.7 | |||||||||||||||||||||||
62 | Rule of law index (World Bank, 2018) | -0.8 | |||||||||||||||||||||||
63 | Rule of law index (World Bank, 2017) | -0.8 | |||||||||||||||||||||||
64 | Rule of law index (World Bank, 2016) | -0.8 | |||||||||||||||||||||||
65 | Rule of law index (World Bank, 2015) | -0.9 | |||||||||||||||||||||||
66 | Rule of law index (World Bank, 2014) | -0.8 | |||||||||||||||||||||||
67 | Impacts of European Regulations and Directives? | PFTS (First Stock Trading System) and Ukrainian Stock Exchange | |||||||||||||||||||||||
68 | Stock exchange (Y/N) | Yes | |||||||||||||||||||||||
69 | Stock exchange name | Ukrainian Stock Exchange, PFTS | |||||||||||||||||||||||
70 | Independent stock exchange (Y/N) | Yes | |||||||||||||||||||||||
71 | Website url | https://www.ux.ua/ https://pfts.ua/ | |||||||||||||||||||||||
72 | Number of listed firms on stock exchange (as number, 2023) | 78 | https://www.ux.ua/ | ||||||||||||||||||||||
73 | Market capitalization (mn EUR, end of year 2023) | 78.00 | |||||||||||||||||||||||
74 | Market capitalization (EUR, end of year 2022) | 5.00 | |||||||||||||||||||||||
75 | Market capitalization (EUR, end of year 2021) | 4.40 | |||||||||||||||||||||||
76 | Market capitalization (EUR, end of year 2020) | 5.20 | |||||||||||||||||||||||
77 | Market capitalization (EUR, end of year 2019) | 4.50 | |||||||||||||||||||||||
78 | Market capitalization (EUR, end of year 2018) | 4.60 | |||||||||||||||||||||||
79 | Market capitalization (EUR, end of year 2017) | 4.42 | |||||||||||||||||||||||
80 | Market capitalization (EUR, end of year 2016) | 4.60 | |||||||||||||||||||||||
81 | Market capitalization (EUR, end of year 2015) | 4.70 | |||||||||||||||||||||||
82 | Market capitalization (EUR, end of year 2014) | 4.90 | |||||||||||||||||||||||
83 | Market capitalization (as % GDP, end of year 2023) | 5.00 | https://www.ux.ua/ | ||||||||||||||||||||||
84 | Market capitalization (as % GDP, end of year 2022) | 2.98 | |||||||||||||||||||||||
85 | Market capitalization (as % GDP, end of year 2021) | 2.80 | |||||||||||||||||||||||
86 | Market capitalization (as % GDP, end of year 2020) | 3.28 | |||||||||||||||||||||||
87 | Market capitalization (as % GDP, end of year 2019) | 3.59 | |||||||||||||||||||||||
88 | Market capitalization (as % GDP, end of year 2018) | 4.33 | |||||||||||||||||||||||
89 | Market capitalization (as % GDP, end of year 2017) | 4.21 | |||||||||||||||||||||||
90 | Market capitalization (as % GDP, end of year 2016) | 5.07 | |||||||||||||||||||||||
91 | Market capitalization (as % GDP, end of year 2015) | 4.57 | |||||||||||||||||||||||
92 | Market capitalization (as % GDP, end of year 2014) | 3.52 | |||||||||||||||||||||||
93 | |||||||||||||||||||||||||
94 | * La Porta, R., Lopez‐de‐Silanes, F., & Shleifer, A. (2006). What Works in Securities Laws? The Journal of Finance, 61(1), 1-32. | ||||||||||||||||||||||||
95 | ** Data sources: | ||||||||||||||||||||||||
96 | Budget | https://openbudget.gov.ua/?month=12&year=2023&budgetType=NATIONAL | |||||||||||||||||||||||
97 | GDP | https://index.minfin.com.ua/ua/economy/gdp/ | |||||||||||||||||||||||
98 | number of employees | https://index.minfin.com.ua/ua/labour/unemploy/ | |||||||||||||||||||||||
99 | capitalization | https://www.ux.ua/ | |||||||||||||||||||||||
100 | |||||||||||||||||||||||||