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Sweden officially joins NATO as Hungary grants approval

Sweden officially joins NATO as Hungary grants approval Sweden officially joins NATO as Hungary grants approval
In a significant geopolitical development, Sweden has gained approval to become the 32nd member of the NATO military alliance, marking a blow...
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Munich Security Conference: Netherlands and US reaffirm support for Ukraine

Munich Security Conference: Netherlands and US reaffirm support for Ukraine Munich Security Conference: Netherlands and US reaffirm support for Ukraine
  During a meeting with Ukrainian President Volodymyr Zelensky at the Munich Security Conference, outgoing Dutch Prime Minister Mark Rutte...
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Dutch NATO contribution could double without U.S., says Defense Minister

Dutch NATO contribution could double without U.S., says Defense Minister Dutch NATO contribution could double without U.S., says Defense Minister
Outgoing Defense Minister Kajsa Ollongren warned that the Netherlands might need to double its defense spending if the United States were to...
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European defense: exploring the idea of a 'nuclear umbrella' amid rising tensions

European defense: exploring the idea of a 'nuclear umbrella' amid rising tensions European defense: exploring the idea of a 'nuclear umbrella' amid rising tensions

Amidst concerns over the reliability of US support, a German minister has proposed a bold plan for European defense: establishing a 'nuclear...
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Students engage in Amnesty International campaign to advocate for human rights

Students engage in Amnesty International campaign to advocate for human rights Students engage in Amnesty International campaign to advocate for human rights
  Amnesty International is hosting its 33rd edition of "Schrijf-ze-VRIJdag" (Write-Them-Free/Fri-Day) on Friday, involving over 160,000...
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EU leaders approve €50 billion support package for Ukraine

EU leaders approve €50 billion support package for Ukraine EU leaders approve €50 billion support package for Ukraine
European Council President Charles Michel announced that all 27 European leaders have reached an agreement on a €50 billion ($55 billion;...
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EU leaders convene to address Ukrainian aid stalemate amid Hungarian opposition

EU leaders convene to address Ukrainian aid stalemate amid Hungarian opposition EU leaders convene to address Ukrainian aid stalemate amid Hungarian opposition
On Wednesday evening, European Union leaders will come together in Brussels for an informal dinner to tackle the ongoing deadlock regarding...
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EU Parliament braces for rightward shift as populist parties surge

EU Parliament braces for rightward shift as populist parties surge EU Parliament braces for rightward shift as populist parties surge
The European Parliament appears poised for a rightward shift, as an analysis commissioned by the European Council on Foreign Relations indicates...
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Poll reveals 25% of young voters in Flanders favor Vlaams Belang in upcoming elections

Poll reveals 25% of young voters in Flanders favor Vlaams Belang in upcoming elections Poll reveals 25% of young voters in Flanders favor Vlaams Belang in upcoming elections
  As the June elections for the Flemish Parliament approach, a recent poll commissioned by Hogeschool PXL and TV Limburg indicates that...
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Dutch Parliament backs motion incorporating Antisemitism in residency permit evaluations

Dutch Parliament backs motion incorporating Antisemitism in residency permit evaluations Dutch Parliament backs motion incorporating Antisemitism in residency permit evaluations
MPs have approved a proposal by the fundamentalist Protestant SGP, urging the government to consider anti-Semitism as a factor when deciding...
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Latest News

Sweden officially joins NATO as Hungary grants approval

Sweden officially joins NATO as Hungary grants approval Sweden officially joins NATO as Hungary grants approval
In a significant geopolitical development, Sweden has gained approval to become the 32nd member of the NATO military alliance, marking a blow...
Read More...

Munich Security Conference: Netherlands and US reaffirm support for Ukraine

Munich Security Conference: Netherlands and US reaffirm support for Ukraine Munich Security Conference: Netherlands and US reaffirm support for Ukraine
  During a meeting with Ukrainian President Volodymyr Zelensky at the Munich Security Conference, outgoing Dutch Prime Minister Mark Rutte...
Read More...

Dutch NATO contribution could double without U.S., says Defense Minister

Dutch NATO contribution could double without U.S., says Defense Minister Dutch NATO contribution could double without U.S., says Defense Minister
Outgoing Defense Minister Kajsa Ollongren warned that the Netherlands might need to double its defense spending if the United States were to...
Read More...

European defense: exploring the idea of a 'nuclear umbrella' amid rising tensions

European defense: exploring the idea of a 'nuclear umbrella' amid rising tensions European defense: exploring the idea of a 'nuclear umbrella' amid rising tensions

Amidst concerns over the reliability of US support, a German minister has proposed a bold plan for European defense: establishing a 'nuclear...
Read More...

Students engage in Amnesty International campaign to advocate for human rights

Students engage in Amnesty International campaign to advocate for human rights Students engage in Amnesty International campaign to advocate for human rights
  Amnesty International is hosting its 33rd edition of "Schrijf-ze-VRIJdag" (Write-Them-Free/Fri-Day) on Friday, involving over 160,000...
Read More...

EU leaders approve €50 billion support package for Ukraine

EU leaders approve €50 billion support package for Ukraine EU leaders approve €50 billion support package for Ukraine
European Council President Charles Michel announced that all 27 European leaders have reached an agreement on a €50 billion ($55 billion;...
Read More...

EU leaders convene to address Ukrainian aid stalemate amid Hungarian opposition

EU leaders convene to address Ukrainian aid stalemate amid Hungarian opposition EU leaders convene to address Ukrainian aid stalemate amid Hungarian opposition
On Wednesday evening, European Union leaders will come together in Brussels for an informal dinner to tackle the ongoing deadlock regarding...
Read More...

EU Parliament braces for rightward shift as populist parties surge

EU Parliament braces for rightward shift as populist parties surge EU Parliament braces for rightward shift as populist parties surge
The European Parliament appears poised for a rightward shift, as an analysis commissioned by the European Council on Foreign Relations indicates...
Read More...

Poll reveals 25% of young voters in Flanders favor Vlaams Belang in upcoming elections

Poll reveals 25% of young voters in Flanders favor Vlaams Belang in upcoming elections Poll reveals 25% of young voters in Flanders favor Vlaams Belang in upcoming elections
  As the June elections for the Flemish Parliament approach, a recent poll commissioned by Hogeschool PXL and TV Limburg indicates that...
Read More...

Dutch Parliament backs motion incorporating Antisemitism in residency permit evaluations

Dutch Parliament backs motion incorporating Antisemitism in residency permit evaluations Dutch Parliament backs motion incorporating Antisemitism in residency permit evaluations
MPs have approved a proposal by the fundamentalist Protestant SGP, urging the government to consider anti-Semitism as a factor when deciding...
Read More...

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Most Popular Stories

 

"Although Yeltsin was quite a controversial person, yet in terms of decency he obviously surpassed Putin" – believes President of MAIR industrial group – V.N. Makushin, who had to flee Russia from coercive racket, was put on international wanted list and was forced to surrender his business to the representatives of Russian kleptocracy.

     Chairman of the Supervisory Board of Finansovyi Soyuz Bank (FSBank) considers that bringing up the issue of the national banking system with the international community is a hasty decision made by the Association of Ukrainian Banks. This was stated by Dmitry Fomenko, Chairman of the FSBank Supervisory Board, at a public meeting in the Center for European Democracy Studies. “Such steps taken by Ukrainian bankers contravene the conventional ethics of relationship between a banking system and government and could give rise to mistrust of international community in all Ukrainian financial and banking system. It’s hard to imagine that, for example, Swiss bankers could ever complain to international organizations about their national government. Who will take such banks and all our financial system seriously outside Ukraine after that?” the banker stressed in his speech.

      Mr. Fomenko thinks that the bankers’ having submitted a complaint about the draft law #0884 on bringing amendments to banking laws to the European Commissioner for Enlargement and European Neighbourhood Policy speaks for their sense of powerlessness and disbelief to strike a compromise, and that their address is unlikely to solve the problem. “Instead of seeking opportunities to participate in discussion of this law in Ukraine, the group of bankers tries to complain and find a kind patron abroad. At present, financial sector reforms are held globally. Experts consider them to be the deepest reforms ever put in place for several past decades. Increase of the charter capital can become one of the ways to consolidate the bank capital and it will enable to stabilize the situation in the banking system. The bank capitalization growth can also improve the protection of depositors and customers of lending financial institutions. However, bankers are aware of the correlation between the regulatory capital and a real reliability of a bank by the example of the collapse of large banks, as the regulatory capital is often created with so called instrumental methods,” Dmitry Fomenko underlined.

      “It’s worth mentioning that it’s not a remedy, because some available instrumental techniques and methods allow for creating financial fakes that give a deceptive impression of a real bank capitalization, which may cause directly contrary results. I think, the results will not take long to appear, taking into account the legerity acquired by our leading bankers in recent years. They can also use the artificial augmentation of capital by issuing loans to investors worth the amount of the bank capital.  So, a transparent dialogue between government and the banking community is required to reach a real reliability. Besides, a financial situation in Ukraine is intricate.  Unfortunately, Ukraine cannot enjoy the backing of powerful EC countries as, for example, Greece can, and we’ll have to tackle problems alone if something serious occurs.  The government has proved it can meet halfway, as it was with businessmen protests against the tax reform. The same situation can happen in the bankers’ case if banks do want to begin a dialogue,” the banker said.   

deneme