Approaches and threats to the formation of financial and economic security of banking institutions
Main Article Content
Abstract
Introduction. Before the banking system now is the goal to achieve financial stability of individual banks and to guarantee financial security of the system as a whole. The impact of factors of the global financial crisis and of the threats of internal nature determine urgency of solving the problem of providing financial and economic security of banks that will allow to make preventive actions and to minimize the negative effects of the crisis in the banking system of Ukraine.
Purpose. The purpose of the article is to identify the main threats and approaches to the formation of financial and economic security of banking institutions.
Methods. Method of theoretical generalization, formal-logical, monographic and comparative methods; expert and analytical methods.
Results. The article investigates the modern approaches of forming financial and economic security of banking institutions. The main internal and external threats of the banking financial and economic security are emphasized.
Originality. The key characteristics of the financial safety of banks are shown. It was established that the financial security depends on bank's stability and the stability of financial condition, the degree of efficiency of financial and economic activities, the level of control over external and internal risks, the level of capital adequacy; level of protection of interests of shareholders. The basic strategic measures to limit the negative impact of threats on the state of the banking institutions are offered.
Conclusion. An indication of preserving financial and economic security of the bank is to control and balancing income and expenditure of the economic system, resulting in the maintenance of constant financial equilibrium between revenues and expenditures of the bank, in other words, maintaining liquidity. On the preservation of financial and economic security of the bank exert considerable influence such factors as: qualifications of an economic, financial and personnel qualifications and skills of senior management; legal support and reviewing contracts and contact the bank; effectiveness of internal controls; cash, tax and payment discipline; sales and marketing strategy of the bank.
Article Details
The authors published in this journal agree with following conditions:
1. The authors reserve to themselves the right to the authorship of their works and transfer the right of their first publication to the journal on the terms of Creatіve Common Attrіbutіon Lіcense which allows to freely extend to other persons the published work with an obligatory reference to the authors of the original work and its first publication in this journal.
2. The authors have the right to complete independent additional agreements concerning the not exclusive distribution of their work in the form in which it was published in this journal (for example, to place the work in the electronic storehouse of an establishment or to publish as a monograph component), under the condition of the preservation of the reference to the first publication of the work in this journal.
3. The journal’s policy allows and encourage the authors to place their manuscripts into the Internet (for example, in depositories of establishments or on personal web-sites) either before submitting of the manuscript for publication or during its editorial processing as it assists the occurrence of a productive scientific discussion and positively affects the efficiency and dynamics of citing of the published work.
AGREEMENT
ABOUT TRANSMISSION OF COPYRIGHT
I, the author of the article / We, the authors of the manuscript _______________________________________________________________________
in case of its acceptance for publication, we transfer the following rights to the founders and editorial boards of the scientific publication "BULLETIN OF THE CHERKASY BOHDAN KHMELNYTSKY NATIONAL UNIVERSITY. ECONOMIC SCIENCES. SERIES "ECONOMIC SCIENCES":
1. Publication of this article in Ukrainian (English, Russian, Polish) and distribution of its printed version.
2. Dissemination of the electronic version of the article through any electronic means (placing on the official journal web site, in electronic databases, repositories, etc.).
At the same time we reserve the right without consent of the editorial board and the founders:
1. Use the materials of the article in whole or in part for educational purposes.
2. To use the materials of the article in whole or in part for writing your own theses.
3. Use article materials to prepare abstracts, conference reports, and oral presentations.
4. Post electronic copies of the article (including the final electronic version downloaded from the journal's official website) to:
a. personal web-pecypcax of all authors (web sites, web pages, blogs, etc.);
b. web-pecypcax of the institutions where the authors work (including electronic institutional repositories);
with. non-profit, open-source web-pecypcax (such as arXiv.org).
With this agreement, we also certify that the submitted manuscript meets the following criteria:
1. Does not contain calls for violence, incitement of racial or ethnic enmity, which are disturbing, threatening, shameful, libelous, cruel, indecent, vulgar, etc.
2. Does not infringe the copyrights and intellectual property rights of others or organizations; contains all the references to the cited authors and / or publications envisaged by applicable copyright law, as well as the results and facts used in the article by other authors or organizations.
3. It has not been previously published in other publishers and has not been published in other publications.
4. Does not include materials that are not subject to publication in the open press, in accordance with applicable law.
____________________ ___________________
First name, Last name, signature of the author
"___" __________ 20__
References
1. Adamenko, S. I. (2004). Characteristics and classification of threats in the banking system of Ukraine. Strategichna panorama, 4, 48-52.
2. The National Bank of Ukraine (1999). Decree «On regulation of banks Ukraine».
3. Zubok, M. I. (2002). Bezpeka bankiv. Kyiv: Istyna.
4. Gerasimov, P. A. (2006). The economic security of a bank: a conceptual approach. Bankovskie uslugi, 4, 20-30.
5. Hytrin, O. I. (2004). The financial security of commercial banks. Finansy Ukrai'ny, 11, 118–124.
6. Artemenko, D. A. (1999). “Mehanizm obespechenija finansovoj bezopasnosti bankovskoj dejatel'nosti” Ph.D. Thesis. Rostov-na-Donu, Russian Federation.
7. Baranovs'kyj, O. I. (2006). Banking security: the problem of measurement. Ekonomichne prognozuvannja, 1, 7-32.