On June 20 the Kyiv School of Economics hosted a lecture by Andrew Bailey, Governor of the Bank of England, focused on the evolving role of central banks in Europe, particularly in times of crisis. The event was organized with the support of the British Embassy in Ukraine and welcomed KSE students and researchers for an in-depth discussion on the challenges of modern monetary policy, international cooperation, and financial system resilience during wartime.

The visit began with a meeting between Andrew Bailey and representatives of KSE leadership: Tymofiy Mylovanov, President of KSE, and Nataliia Shapoval, Head of the KSE Institute. Following a short introduction and tour of the campus, Governor Bailey delivered a lecture to students and researchers, moderated by Nataliia Shapoval, highlighting the responsibilities of central banks under crisis conditions, the changing nature of financial risks, and the importance of international solidarity.

“This meeting is a testament to the value of international dialogue — especially when it involves sharing first-hand experience. We’re grateful to Andrew Bailey for visiting Kyiv School of Economics and sharing practical insights and recommendations with Ukrainian students, researchers, and economists,” commented Nataliia Shapoval, Head of the KSE Institute.

In his remarks, Andrew Bailey emphasized the critical importance of central banks in navigating uncertainty and fostering resilience: “The economic shocks we are facing in the UK and Europe are significant, but they are not comparable to the scale of challenges Ukraine is facing. We work closely with the National Bank of Ukraine, and we have learned a great deal from your experience in successfully managing the financial system amid war and extreme unpredictability”. 

The workshop addressed shifts in global financial risks, with cybersecurity highlighted as one of the most urgent threats, particularly in the context of Russian aggression. Governor Bailey also emphasized the importance of adaptive policy frameworks, transparent communication, and regulatory support for industries critical to national defense and recovery.

During the Q&A session, KSE students raised questions on topics ranging from the history of central banking and the regulation of crypto-assets to sanctions policy, the future of frozen Russian assets, and the intersection of finance and national security.

The KSE Institute continues to serve as a platform for critical economic dialogue and policy engagement. We are grateful to the British Embassy and the Bank of England for their support and partnership. Andrew Bailey’s visit is a recognition of Ukraine’s institutional potential and the importance of international cooperation in strengthening the global financial system.