State Commission for Regulation of Financial Services found that in some cases, the assets of insurance companies inflated thousands of times. Cause concern to the Commission and the results of audits, in which these violations are not specified. Auditors, who will be seen in the formal approach to verification, will be excluded from the registry.

under the control of the Department of temporary administration of financial and credit institutions Financial Services Commission will soon be handed over to three insurance companies, said department director Galina Tretyakov. According to her, under the supervision of the department will be 32 financial institution. Among them - five of risk insurance companies, three financial services companies, two private pension fund, an administrator of private pension funds, other - credit unions.

At the same time in three COP introduced interim administration, and in three cases, applied a financial recovery plan. Some NPF are either merging or at closing. In addition, the current shareholders of one of the NSPF decide on its merger or closure - she said.

In addition, the Financial Services Commission intends to initiate elimination of UK's Insurance Companies. Management did not return phone calls, the company does not pay the fines, at the location it was not detected - explained the Tretyakov. Previously, the Commission revoked all licenses of the insurance company. The reform of prudential supervision, which proclaimed the Financial Services Commission, since the new year will change the form supplied by insurers reporting.

In particular, the regulator will examine in detail the assets of insurers. Right now, insurers show just how much of your money in securities of the issuer is attached, but do not show the number of papers themselves. And when we asked for such information, one of the insurance companies find out the interesting picture. If, before checking the excess of the actual norm of the regulatory solvency was 62 million . UAH., after the verification and valuation of assets was found that the assets of 37 million UAH. less than necessary. bubble that was blown in the American economy, in some cases, the presence and with the valuation of assets in the UK. In this case, the evaluation of the company different from the real value of assets in 30 thousand times, - she told.

concerns of the Commission cause and audit reports, which were drawn up formally, and that led to that company's problems could not be identified in advance. The fact that audits have the right to only those included in the register of auditors. In this regard, Financial Services Commission intends to conduct an audit in the ranks of auditors. In the West, Auditor, shows a deviation from the standards, must report it to the supervisory authority. And we auditors are not responsible for their records, - complains Tretyakov.

Market participants also expressed dissatisfaction with the formal approach of some auditors to perform their duties. We need to revise the register of auditors. If each one of them will understand that the risks to its business, the amount of inflated balances decrease. If the balance sheets of insurers trust, one reason for the accreditation of insurers in the banks would be less, - said Oleksandr Zavada, president of the Ukrainian federation of insurance .

Also, the commission plans to impose control over the activities of companies on the basis of business plans. It is assumed that the company will provide a three-year business plan, which will be described modified capital adequacy indicators excess of actual over the regulatory solvency.

gathered in the committee to do and tariffs. In particular, the expected establishment of a national school of Actuaries, which could perform calculations or to approve settlements of insurers. For it is not adequately calculated the tariffs and dumping caused the financial problems of many insurance companies.

Indices in the U.S. fell on Tuesday on the rallies of technology and oil companies
Index of the Frankfurt Stock Exchange Xetra DAX rose 7.36 points, the index of the London Stock Exchange FTSE 100 rose 6.75 points
Shares peak soared more than 10% after reports that an agreement on restructuring its loan portfolio from the Sberbank
Look at the market from the long-term investors are fairly positive, and the money to purchase a
Severstal: Vorkuta asset of the company should break even level of work in 1 quarter 2010
Overlooking statistics do not give an unambiguous picture of the state of affairs in the world economy
Overview of the oil market for 29.09.09
Ukraine's GDP in the II quarter. 2009 declined by 17,8%
The stock market jumped up and hovered