A more in-depth analysis of the financial accounting of banks specializing in consumer lending raises a number of serious questions to the quality of the NBU's supervision work, writes in his article for ZN. UA bank expert Vadim Sirota.

This is particularly noticeable in the example of the scandalously known "Mikhailovsky Bank," which, indirectly, may be a concrete example of such a rather curious "formation of reserves" by insurance companies. For example, from his financial reporting for 2014-2015, it is noticeable that commission payments constitute an essential part of his income. At the same time, "the lion's share of commission income (80-90%) is due to income from" contracts with insurance companies for insurance products ". It should be noted that one of the main creditors of the Bank Mikhailovsky were non-bank financial institutions.

The author emphasizes that "the regulator has an opportunity to more critically evaluate the performance of its banking supervision.

After all, according to the Deposit Guarantee Fund, independent appraisers came to the conclusion that the value of the assets of Bank Mikhailovskiy was overestimated 36 times ".

Recall that the Memorandum of Ukraine with the IMF introduced a proposal on the legislative procedure for the separation of functions of the National Commissariat of Finance, the so-called "split". The abolition of the National Financial Services Commission and the transfer of its functions to the National Bank of Ukraine and the National Commission on Securities and the Stock Market.