National Bank of Ukraine sets up the order of determining a discount rate and other interest rates; it gives permission for commercial banks' registration and licenses banking business; determines the standard of emergency funds for commercial banks and other financial and credit institutions. The National Bank of Ukraine has the power to initiate legislation. Resolutions of the NBU becoming valid just by publishing on their homepage www.bank.gov.ua. Decisions of the NBU may be just appealed at court due to Art.74 of the Law about the National Bank, however, courts may not suspend resolutions during the investigation of appeals, just by court sentences. The National Bank of Ukraine is governed by the Head of the National Bank of Ukraine and its directory, while its functions are coordinated by the Council of the National Bank of Ukraine. The council consists of 15 members including the Head of the National Bank as the ex officio position. The other members of the council are appointed by an equal quota of seven members from the President of Ukraine and the Verkhovna Rada (Ukraine's national parliament). A Council's meeting is valid if at least six members are present. Functions According to the Constitution of Ukraine, the main function of the National Bank of Ukraine (NBU) is to ensure the stability of Ukraine's monetary unit (the hryvnia). To carry this out, the National Bank fosters the stability of the banking system and, within its competence, price stability. Due to Art.51 of the law about the National Bank of Ukraine, the NBU is accountable for its activities to the Verkhovna Rada (the parliament of Ukraine), the President of Ukraine and the Cabinet of Ministers of Ukraine. All registered banks in Ukraine are member of the Deposit Guarantee Funds, which guarantees deposits up to 200.000 UAH per person and bank in case of insolvency. The Oshadnybank is excluded from this fund because Ukraine guarantees their deposits directly. Banks are divided by the National Bank into four categories depending on their capitals (for intensity of banking supervision). There are a couple of big banks owned through off-shore companies. However, since 2016 all bank owner-structures had to be published till the last physical person to the National Bank of Ukraine to enforce the Anti-money-laundering and -tax-evasion-policy of the NBU. Governors of the National Bank of Ukraine The Governor of the National Bank of Ukraine is dismissed and appointed by the Verkhovna