After Ukraine’s accession to the World Trade Organization in 2008, foreign banks were permitted to open their branches directly in this country. This development brought the opportunity for additional capital inflow to Ukrainian economy. However, foreign banks tend to operate in Ukraine through locally incorporated subsidiaries rather than branches.
This thesis analyzes the Ukrainian regulatory framework for foreign bank branching and compares to the analogous Canadian regimen. I find that, although the minimum entry requirements for establishing a foreign bank branch are more relaxed in Ukraine as compared to Canada, the Ukrainian legal framework that is not conducive to operating via branches. The regulatory limits for a branch’s loan activities are based on a branch’s capital deposited in Ukraine rather than on the parent bank’s capital. Branches effectively have no inherent advantages over subsidiaries in this jurisdiction, whereas the disadvantages, such as unlimited liability, are preserved.
| Identifer | oai:union.ndltd.org:LACETR/oai:collectionscanada.gc.ca:OTU.1807/31617 |
| Date | 02 January 2012 |
| Creators | Tsvietkov, Iurii |
| Contributors | Anand, Anita |
| Source Sets | Library and Archives Canada ETDs Repository / Centre d'archives des thèses électroniques de Bibliothèque et Archives Canada |
| Language | en_ca |
| Detected Language | English |
| Type | Thesis |
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