Ukraine's Blueticked Banking Racket
Nice positive zero-sum status game
You can’t help but admire someone who has a well developed, deep sense of humility. That’s why decorating your personal website with flattering portraits is a bad idea.
The story of National Bank of Ukraine Governor appointee Kyrylo Shevchenko’s path from TERF in Tula to trans-inclusive in Kyiv via Stakhanov by way of Kharkiv sounds impressive. (So far, if we ignore the Finance and Credit horror stories).
In humans, there are two types in dominant personalities - one named social dominance and the other aggressive dominance. The former rely on persuading others by reasoning, and the latter uses aggression, threat, deceit and flattery.
An interesting fact: Flanges (cheek-pads) appear on the face of a male orangutan only when that individual is physically strong and socially dominant.
But I digress. Shevchenko’s website says he has devoted more than a quarter of a century to the banking sector and worked his way up from a regular economist to a top manager - the CEO of one of the largest banks in Ukraine. He believes his main secret to success is loyalty and respect for the profession, customers and employees.
“In general, Ukraine has quite a lot of resources and opportunities for a quick recovery from the crisis. Our strong suits are the agricultural sector, IT and huge human potential. At the same time, it is important to believe in yourself, and everything will work out,” Shevchenko is quoted as saying in a post dated July 3, 2020.
According to world famous Ukraine banking expert Timothy Ash, a London-based senior emerging markets sovereign strategist for Bluebay Asset Management Company, few people know anything about Shevchenko.
Disgraced former Economy Minister Timofiy Mylovanov does. He said Shevchenko is the best possible candidate to head the National Bank of Ukraine, as does Kyiv Post columnist Serhiy Leshchenko.
Parliament’s Committee on Finance, Tax and Customs Policy on July 16, 2020 recommended members of parliament to Shevchenko’s candidacy for NBU governor after chatting him up.
Holos Party MP Yaroslav Zhelezniak said committee members asked Shevchenko four questions:
1) Will there be any changes to the central bank’s monetary policy?
"I will not allow uncontrolled inflation or emissions."
2) What your attitude towards cooperation with the IMF?
"The NBU must continue cooperation with the IMF. It is extremely important. We should also cooperate with other international financial institutions.”
3) Are there any plans to change the team at the NBU?
"I will form a team, please be understanding."
4) What tasks did the President personally set for you?
"Preserving the independence of the National Bank."
(to be continued)