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