DIRECTIONS OF SECURING THE BANKING SYSTEM OF UKRAINE AGAINST THREAT TO ITS FINANCIAL SECURITY AND ELIMINATING RISKS IN THIS SPHERE
Abstract
The purpose of this article is to determine directions for securing the domestic banking system from threats to its financial security and eliminating risks in this area. The state of the banking system of Ukraine shows that its financial security is under the influence of numerous threats and risks in this area. However, today there is no effective system for ensuring the financial security of the domestic banking system, which is due to the lack of logically completed studies to clarify the essence and types of such security, identify threats to it and risks in this area, proper security activities with the identification of various effective security measures and perfect risk management. Therefore, the solution of the mentioned problem requires a clear definition of the components of security activities to secure the banking system from threats and eliminate risks, which should include a well-founded complex of analytical, monitoring, organizational and resource provisioning measures. An important place in securing the banking system of Ukraine from threats and minimization/elimination of risks in the banking sector should belong to the perfect banking infrastructure, in which the infrastructure for ensuring the security of banking activity should also become significant. Full and timely detection of threats not only to the financial security of the banking system in general, but also to its deposit, credit, currency, investment, debt, inflation, and profit-making security in particular is necessary to fully protect the domestic banking system from threats to its financial security and eliminate risks in this area. Improving the identification of threats to the FS of the banking system and risks in this area in order to increase the level of its FS will contribute to: development and implementation of the Concept of securing the FS of the banking system, capable of adapting to newly emerging threats and risks and optimizing the costs of securing the FS of the banking system in general and its structural elements; application for monitoring and analytical activities of the system of security indicators, determination of their threshold values and deviations from them of the available indicators of the functioning of the banking system in order to take measures to ensure the functioning of the banking system. For a more justified application of these indicators, it is advisable to divide them into target groups. Legally distinguish institutional / structural-institutional and monetary indicators, indicators of resource, deposit, credit, currency, debt, investment, inflation security, financial condition, payment systems.
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