INTERNATIONAL EXPERIENCE ON CONTROL OVER THE FINANCIAL AND CREDIT INSTITUTIONS ACTIVITIES AS THEIR ECONOMIC SECURITY BASIS

Keywords: economic security, control, international experience, monitoring of activity, financial and credit institution

Abstract

The importance of developing a strategic plan to strengthen the economic security of the country from the standpoint of control over the activities of financial institutions. The relevance of this study is highlighted due to the lack of an absolute system of protection of financial and credit institutions from various threats, regardless of the level of development of the country. Taking into account various perspective directions of development of economies of the world countries, expediency in carrying out the analysis of methods of control over activity of financial and credit establishments and maintenance of their economic safety is allocated. Adequate regulatory component is one of the main elements in the system of economic protection of financial institutions, because it analyzes and identifies problematic aspects in the quantitative and qualitative analyzed data. This makes it possible not only to analyze the current situation but also to identify possible types of threats. Methods and measures for control over the activities of financial institutions that ensure their proper level of economic security are studied. An analysis of key elements of control over the activities of financial institutions, presented in the strategy of development of the financial sector of Ukraine and a comparison with the methods of control of other countries. The connection of positions in the regulation and ensuring the economic security of financial institutions of Ukraine with international methods is highlighted. According to the analysis, the importance of using quality indicators and the human factor in the process of analysis and control of economic security of financial institutions is substantiated. Guided by a comparative analysis of methods of control and economic security of financial institutions and the financial sector as a whole, the recommendations for implementation in the system of control over the economic stability of financial institutions in Ukraine are given. These positions will expand the range of analyzed data, which will further form an effective and analytically sound method of ensuring the economic security of financial institutions.

References

Зачосова Н.В. Теоретико-методичні засади побудови системи економічної безпеки фінансових установ. Вiсник Черкаського університету. Серiя «Економiчнi науки». 2016. №1. С. 44–55.

Барановський О.І. Банківська безпека: проблема виміру. Економіка і прогнозування. 2006. № 1. С. 7–25.

Мельник С.І. Сучасні підходи до моделювання системи економічної безпеки комерційного банку. Науковий вісник НЛТУ України. 2013. Вип. 23.16. С. 357–363.

Яременко С.М. Організація комплексної системи економічної безпеки банку. Формування ринкової економіки. 2011. № 25. С. 429–439.

Дудченко Н.В., Міхно С.П. Сутність, структура та складові системи економічної безпеки банківських установ. Ефективна економіка. 2013. № 4. URL: http://nbuv.gov.ua/UJRN/efek_2013_4_39.

Onyshchenko V.O., Khudolii Y.S., Chervjak A.V. Peculiarities of ensuring economic bank security in terms of financial instability. Збірник наукових праць «Фінансово-кредитна діяльність: проблеми теорії та практики». 2016. Том 1, № 20. С. 4–12.

Nelia Volkova, Valeria Volkova, Yuliia Khudolii. Estimating credit risks impact on economic security of a bank. Akademia Zarządzania Politechnika Białostocka. 2017. № 1. P. 108–123.

Yehorycheva S., Kolodiziev O., Prasolova S. Actual problems of the capital stability management in the Ukraine's banking system. Banks and Bank Systemsthis link is disabled. 2017. № 12(2). Р. 60–67.

Птащенко Л.О., Каленіченко Є.С. Забезпечення економічних інтересів фінансових і промислових корпорацій. Ефективна економіка. 2020. № 7.

Momot T., Tumietto D., Rodchenko S., Lelyuk N. Value-based security system of the commercial bank. Financial and credit activity: problems of theory and practice. 2019. № 2 (29). Р. 44–54.

Czech National Bank. URL: https://www.cnb.cz/en/supervision-financial-market/supervisory-strategy/.

Strategy for the Development of the Banking Sector in Uzbekistan until 2025. URL: https://www.dentons.com/ru/insights/articles/2020/may/28/strategy-for-the-development-of-the-banking-sector-in-uzbekistan-until-2025.

Financial Conduct Authority. URL: https://www.fca.org.uk/about/the-fca

Financial Services and Markets Authority. URL: https://www.fsma.be/en/what-fsma.

The Dutch Authority for the Financial Markets. URL: https://www.afm.nl/nl-nl/over-afm.

Національна комісія з цінних паперів та фондового ринку. URL: https://www.nssmc.gov.ua/rehuliatory-finansovoho-rynku-zatverdyly-stratehiiu-rozvytku-finansovoho-sektoru-ukrainy-do-2025-roku/.

Global law firm Dentons. URL: https://www.dentons.com/en/insights/alerts/2019/december/16/regulators-publish-consultation-papers-on-operational-resilience-and-outsourcing.

Zachosova N.V. (2016) Teoretyko-metodychni zasady pobudovy systemy ekonomichnoi bezpeky finansovykh ustanov. Visnyk Cherkaskoho universytetu. Seriia «Ekonomichni nauky». № 1. S. 44–55.

Baranovskyi O.I. (2006) Bankivska bezpeka: problema vymiru. Ekonomika i prohnozuvannia. № 1. S. 7–25.

Melnyk S.I. (2013) Suchasni pidkhody do modeliuvannia systemy ekonomichnoi bezpeky komertsiinoho banku. Naukovyi visnyk NLTU Ukrainy. № 23.16. S. 357–363.

Iaremenko S.M. (2011) Orhanizatsiia kompleksnoi systemy ekonomichnoi bezpeky banku. Formuvannia rynkovoi ekonomiky. № 25. S. 429–439.

Dudchenko N.V., Mikhno S.P. (2013) Sutnist, struktura ta skladovi systemy ekonomichnoi bezpeky bankivskykh ustanov. Efektyvna ekonomika. № 4. Available at: http://nbuv.gov.ua/UJRN/efek_2013_4_39

Onyshchenko V.O., Khudolii Y.S., Chervjak A.V. (2016) Peculiarities of ensuring economic bank security in terms of financial instability. Collection of scientific works "Financial and credit activities: problems of theory and practice". Volume 1, № 20. P. 4–12.

Nelia Volkova, Valeria Volkova, Yuliia Khudolii (2017) Estimating credit risks impact on economic security of a bank. Akademia Zarządzania Politechnika Białostocka. № 1. P. 108–123.

Yehorycheva S., Kolodiziev O., Prasolova S. (2017) Actual problems of the capital stability management in the Ukraine's banking system. Banks and Bank Systemsthis link is disabled. № 12(2). Р. 60–67.

Ptashchenko L.O., Kalenichenko E.S. (202) Ensuring the economic interests of financial and industrial corporations. Effective Economics, № 7.

Momot T., Tumietto D., Rodchenko S., Lelyuk N. Value-based security system of the commercial bank. Financial and credit activity: problems of theory and practice. 2019. № 2 (29). Р. 44–54.

Czech National Bank. Available at: https://www.cnb.cz/en/supervision-financial-market/supervisory-strategy/.

Strategy for the Development of the Banking Sector in Uzbekistan until 2025. Available at: https://www.dentons.com/ru/insights/articles/2020/may/28/strategy-for-the-development-of- the-banking-sector-in-uzbekistan-until-2025.

Financial Conduct Authority. Available at: https://www.fca.org.uk/about/the-fca.

Financial Services and Markets Authority. Available at: https://www.fsma.be/en/what-fsma.

The Dutch Authority for the Financial Markets. Available at: https://www.afm.nl/nl-nl/over-afm.

National Commission on Securities and Stock Market. Available at: https://www.nssmc.gov.ua/rehuliatory-finansovoho-rynku-zatverdyly-stratehiiu-rozvytku-finansovoho-sektori-ukrainy-do-2025-roku/.

Global law firm Dentons. Available at: https://www.dentons.com/en/insights/alerts/2019/december/16/regulators-publish-consultation-papers-on-operational-resilience-and-outsourcing.

Article views: 81
PDF Downloads: 50
Published
2021-09-28
How to Cite
Cherviak, A. (2021). INTERNATIONAL EXPERIENCE ON CONTROL OVER THE FINANCIAL AND CREDIT INSTITUTIONS ACTIVITIES AS THEIR ECONOMIC SECURITY BASIS. Economy and Society, (24). https://doi.org/10.32782/2524-0072/2021-24-53
Section
FINANCE, BANKING AND INSURANCE