Ukraine hands more regulatory powers to central bank
New law gives central bank power over insurance sector
Ukraine's central bank has welcomed a majority vote by the country's parliament that passed into law a long-awaited and key financial reform, giving it powers over the country's troubled insurance sector.
The Ukrainian parliament voted to wind up one financial regulator, the national commission for state regulation of financial services markets, and divide its responsibilities between the central bank and another financial regulator.
One central aspect of the new law, says an observer of Ukraine
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