Ukraine ranks 120th in financial market development out of 125 countries
Today Ukraine ranks 120th in financial market development among 125 countries.
The Chairperson of the National Commission on Securities and Stock Market Timur Khromaiev stated this during a public discussion of the draft National Economic Strategy-2030, Ukrinform reports.
"Today Ukraine ranks 120th out of 125 countries in terms of financial market development. Our legislation lags far behind. We got a good chance by signing the European Association, and today we have a clear vector of development and approximation of our financial law to the EU," Khromaiev said.
According to him, over the past 18 months, Ukraine has "taken the most powerful step": adopted a law "On Amendments to Certain Legislative Acts of Ukraine to Improve the Functions of State Regulation of Financial Services Markets" (the so-called "split" law), the law on derivatives.
However, as Khromaiev noted, there were still law drafts that should be adopted so that the financial market had a proper legal framework.
