STRUCTURAL AND LEGAL ANALYSIS OF BANKING SAFETY IN UKRAINE

Olena Dzhafarova, Olena Riabchenko, Igor Artemenko

Abstract


The article is devoted to the scientific analysis of Ukraine’s economic activity under the conditions of European integration processes. It is stressed that the value of the current economic activity is primarily determined by the processes of globalization, the formation of market relations, need for creation of guarantees in these conditions that will ensure a decent life for all members of society because of the need for ensuring the economic and overall national security of Ukraine. However, it is necessary to consider that the access to world markets and formation of an open economy also mean an internal stability of the economy and financial system of the state. The purpose of the article is to clarify the concept of banking security, its main components and levels of development. The report data of the Deposit Guarantee Fund (DGF) and the Prosecutor General’s Office of Ukraine for the last years have been analysed. It also testifies about the lack of control and superficial attitude of the controlling bodies towards the processes of the banking sphere criminalization. It is determined that the DGF indicators do not correspond to those of the Prosecutor General’s Office of Ukraine reports regarding the crimes committed in the sphere of banking. The government of Ukraine should focus on domestic reforms, the creation of living standards, economics and politics in Ukraine, which are as close as possible to European. Only then it is possible to implement effective mechanisms aimed at neutralizing, minimizing the impact and eliminating the phenomena and factors leading to the creation of external and internal threats to the state’s financial security.

Full Text:

PDF

References


Baranovskyi, O. (2014). Bezpeka bankivskoi sfery [Security of banking sector]. Visnyk Natsionalnoho Banku Ukrainy, 6, 20-27.

Dudorov, O. O., Movchan, R. O. (2015). Kryminaljno-pravova zaborona shchodo dovedennia banku do nesplatospromozhnosti: sumnivna zakonodavcha novella [Criminal prohibition on bringing the bank to insolvency: questionable legislative short story]. Pravo i ghromadjansjke suspiljstvo, 1, 71-115.

Jayaprakash, Nair (2016). Analytics Applied – Fraud prevention and detection in the Banking sector. Retrieved from: http://blog.aspiresys.com/digital/big-data-analytics/analyticsapplied-fraud-prevention-anddetection-inthe-banking-sector/

Kanungo, R., Al-Shawabkeh, A. (2017). Credit risk estimate using internal explicit knowledge. Investment Management and Financial Innovations, 14(1), 55-66. Retrieved from: http://dx.doi.org/10.21511/imfi.14(1).2017.06

Klochko, A. M., Nezhevelo, V. V. (2017). Determinanty zlochynnosti u sferi bankivskoi diialnosti Ukrainy [Determinants of crime in banking activity in Ukraine]. Retrieved from: http://lsej.org.ua/6_2017/88.pdf

Klochko, A. N., Kurilo, N. P., Zapara, S. I. (2017). K voprosu ugolovno-pravovoy okhrany sfery bankovskoy deyatelnosti Ukrainy [On issue of penal and legal protection in baking sphere of Ukraine]. Vserossiyskiy kriminologicheskiy zhurnal, 11(4), 833-843. Retrieved from: http://dx.doi.org/10.17150/2500-4255.2017.11(4).837

Kokert, J., Held, M. (2013). IT Security: Expectations of banking supervision. Retrieved from: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Fachartikel/2013/fa_bj_2013_11_it_si-cherheit_en.html

Konig, E. (2017). Implementing an efficient resolution framework in the Banking Union: lessons from the crisis and challenges ahead, 71-76. Retrieved from: https://publications.banque-france.fr/sites/default/files/medias/documents/fsr21_web.pdf

Kurilo, M., Klochko, A., Timchenko, G., Gulyk, A. (2017). Banking in Ukraine as an object of criminal and legal protection. Banks and Bank Systems, 12(4), 114-120. Retrieved from: http://dx.doi.org/10.21511/bbs.12(4).2017.11

Kurylo М., Klochko A., Zhuravlov D., Javadov H. (2018). Economic and legal aspects of banking security under European integration intensification in Ukraine. Banks and Bank Systems, 13(1), 162-172. http://dx.doi.org/10.21511/bbs.13(1).2018.15

Michael, G. (2018). The Pros and Cons of Internet Banks. Retrieved from: https://www.investopedia.com/articles/pf/11/benefits-and-drawbacks-of-internet-banks.asp

Migiro, S. (2017). Post National Credit Act reckless lending in the South African banking industry. Public and Municipal Finance, 6(2), 27-34. Retrieved from: http://dx.doi.org/10.21511/pmf.06(2).2017.03

Palmer, K. (2011). Is It Safe to Bank Online? Ten ways to keep your information secure in the wake of high-profile cyberattacks. Retrieved from: https://money.usnews.com/money/personal-finance/articles/2011/06/13/is-itsafe-to-bank-online

Prokopenko, N. S., Vykliuk M. I. (2014). Skladovi bezpeky bankivskoi diialnosti [Security components of banking activities]. Naukovyi Visnyk NLTU Ukrainy, 24.1, 302-308.

Shcherbatykh, D. V., Shpyliovyi, B. V. (2016). Pidkhody ta zahrozy do formuvannia finansovo-ekonomichnoi bezpeky bankivskykh ustanov [Approaches and risks to formation of finance and economic security of banking establishments]. Visnyk Cherkaskoho Universytetu. Seriia Ekon. Nauky, 1, 141-148.

Swanepoel, E., Smit, A. M. (2016). The impact of executive remuneration on risk-taking in the banking industry. Investment Management and Financial Innovations, 13(3), 110-117. Retrieved from: http://dx.doi.org/10.21511/imfi.13(3).2016.10

Ter-Akopov, A. A. (2003). Prestupleniye i problemy nefizicheskoy prichinnosti v ugolovnom prave [Crime and problems of non-physical causation in criminal law]. Moscow: Yurkniga. (in Russian)

Vasylchak, S. V., Motsio, R. Yu. (2009). Ekonomichna bezpeka bankiv ta metody yii zabezpechennia [Economic security of banks and methods for its ensuring]. Naukovyi Visnyk NLTU Ukrainy, 19.12, 287-292.

Vovchenko, R. C. (2015). Pidkhody do rozkryttia sutnosti finansovoi bezpeky bankivskoho sektoru natsionalnoi ekonomiky [Approaches to essence reveal of finance security of banking sector of national economy]. Zbirnyk naukovykh prats “Finansovo-kredytna diialnist: problemy teorii ta praktyky”, 19, 1-59. Retrieved from: http://fkd.org.ua/article/view/56896/53702

Weigand, R. A. (2016). The performance and risk of banks in the U.S., Europe and Japan post-financial crisis. Investment Management and Financial Innovations, 13(4), 75-93. Retrieved from: http://dx.doi.org/10.21511/imfi.13(4).2016.07

Kryminalnyi kodeks Ukrainy [The Criminal code of Ukraine]. Retrieved from: http://zakon3.rada.gov.ua/laws/show/2341-14

Pro banky i bankivsku diyalnist [“About banks and banking” Law of Ukraine dated December 7, 2000 № 2121-II] Retrieved from: http://zakon2.rada.gov.ua/laws/show/2121-14

Pro zakhody shchodo zakhystu prav fizychnykh osib – vkladnykiv komertsiinykh bankiv Ukrainy. Ukaz Prezydenta Ukrainy vid No. 996/98 [“On Measures to Protect the Rights of Physical Persons as Depositors of Commercial Banks of Ukraine”: the Decree of the President of Ukraine dated 10.09. 1998 No. 996/98]. Retrieved from: http://zakon5.rada.gov.ua/laws/show/996/98

Richnyi zvit 2016. Fond harantuvannia vkladiv fizychnykh osib [Annual Report 2016. Deposit Guarantee Fund]. Retrieved from: http://www.fg.gov.ua/images/docs/reports/Annual_report_FGVFO_zvit_2016_ukr.pdf

Richnyi zvit Fondu harantuvannia vkladiv fizychnykh osib za 2015 rik [Annual Report of Deposit Guarantee Fund for 2015]. Retrieved from: http://www.fg.gov.ua/images/docs/reports/Звіт_Фонду_гарантування_за_2015.pdf

Fond harantuvannia vkladiv fizychnykh osib. Zvit za 2011 rik [Deposit Guarantee Fund. Report for 2011]. Retrieved from: http://www.fg.gov.ua/files/docs/reports/Zvi-t2011ukr.pdf

Fond harantuvannia vkladiv fizychnykh osib. Zvit za 2012 rik [Deposit Guarantee Fund. Report for 2012]. Retrieved from: http://www.fg.gov.ua/files/docs/reports/Zvit_FGVFO_ukr_2012.pdf

Fond harantuvannia vkladiv fizychnykh osib. Richnyi zvit 2013 [Deposit Guarantee Fund. Report for 2013]. Retrieved from: http://www.fg.gov.ua/files/docs/reports/Zvit_FGVFO_ukr_2013.pdf

Fond harantuvannia vkladiv fizychnykh osib. Richnyi zvit 2014 [Deposit Guarantee Fund. Report for 2014]. Retrieved from: http://www.fg.gov.ua/images/docs/reports/zvit_2014_ukr.pdf

Fond harantuvannia vkladiv fizychnykh osib. Richnyi zvit 2015 [Deposit Guarantee Fund. Report for 2015]. Retrieved from: http://www.fg.gov.ua/images/docs/reports/zvit_2015_ukr.pdf

Fond harantuvannia vkladiv fizychnykh osib. Richny zvit za 2016 rik [Deposit Guarantee Fund. Report for 2016]. Retrieved from: http://www.fg.gov.ua/images/docs/reports/Annual_report_FGVFO_zvit_2016_ukr.pdf

Fond harantuvannia vkladiv fizychnykh osib. Richny zvit za 2017 rik [Deposit Guarantee Fund. Report for 2017]. Retrieved from http://www.fg.gov.ua/images/docs/reports/Annual_report_FGVFO_zvit_2017_ukr.pdf




DOI: http://dx.doi.org/10.30525/2256-0742/2018-4-5-67-74

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.