CURRENT TRENDS IN ANTI-CRISIS MANAGEMENT OF THE BANKING BUSINESS
Main Article Content
Introduction. The global financial crisis of 2007-2008 gave impetus for global changes in the banking business in the world, caused a total revision of capital reserve norms, serious changes in the economic, credit and financial spheres, as well as structural changes in the banking services environment and increased requirements for liquidity and stability of financial institutions. Large international banking groups were forced to adapt to the new competitive environment, which is characterized by a significant decline in profitability indicators, revolutionary shifts in the financial services market associated with the introduction of new banking products and the emergence of new players in the banking market.
Purpose Analysis of the main trends in the development of anti-crisis management in the banking business and the formation of models for early warning of banking crises.
Results. Based on the analysis of the role of state capital in the banking system in many countries, the article focuses on the significant share of state capital in the Ukrainian banking sector, where the share of state-owned banks is several times larger than in Eastern European countries. Despite the fact that the share of state-owned banks in net assets continued to decrease during 2020, more than half of the assets of the Ukrainian banking system belong to state-owned banks. Therefore, the article proposes the development of a state strategy for the privatization of state banks in Ukraine. It was argued that in order to avoid or at least mitigate the consequences of future financial crises, it is necessary to formulate a clear theoretical and economic basis for the driving factors of the crisis and to have effective models for their early warning. The article shows that such models should show in the early stages of an increase in financial imbalance and systemic risk in the country's economy.
Originality. The article analyzes modern trends in the development of anti-crisis management systems in the banking business in the context of the new requirements of national and international regulators and standards "Basel III". Special emphasis was placed on comparing the features of anti-crisis management in banking in Ukraine, global systemically important banks and the banks in countries of Eastern and Central Europe.
Conclusion. The analysis showed that banks have made significant changes to their business models since the global financial crisis. The profitability of almost all business lines of banks has become significantly lower than the pre-crisis indicators, while the greatest decrease in profitability is observed in investment and corporate banks, which were most affected during the crisis and faced the most significant increase in the requirements of Basel III and national regulators. A significant part of the state capital in the Ukrainian banking system carries many risks in the long term, since such a policy of mass nationalization of commercial banks and, as a result, the domination of state capital in the banking business may make sense only in the short term, while in the long term it can lead to a decrease in the efficiency of banking sector.
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.
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__
Moretti M., Dobler M., Chavarri A. (2020). Managing Systemic Banking Crises: New Lessons and Lessons Relearned. Departmental Papers. N 5. URL: http://dx.doi.org/10.5089/9781513512273.087 (Accessed: 07.03.2021).
Restoy F. (2019). Crisis management framework: what remains to be done? Bank for International Settlements. Basel. URL: https://www.bis.org/speeches/sp190917.pdf (Accessed: 07.03.2021).
Caparusso J., Chen Yi., Dattels P., Goel R. and Hiebert P. (2019). Post-Crisis Changes in Global Bank Business Models: A New Taxonomy. IMF Working Papers 19(295).
Lehmann A. (2019). Crisis management for euro-area banks in central Europe. Policy Contribution Issue. n˚14. 15 p. URL: https://www.bruegel.org/wp-content/uploads/2019/11/PC-14_2019-181119-1.pdf (Accessed: 07.03.2021).
Principles of strategic reform of the public banking sector (strategic principles). Ministry of Finance of Ukraine. Kyiv, August 2020. 21 p. URL: https://www.oschadbank.ua/sites/default/files/files/documents-2020/SOB%20Strategy.pdf (Accessed: 07.03.2021).
Overview of the banking sector. February 2021. Official site of the NBU. 12 p. URL: https://bank.gov.ua/admin_uploads/article/Banking_Sector_Review_2021-02.pdf?v=4 (Accessed: 07.03.2021).
Pshyk B.I. (2017). Modern methods of crisis management of financial activities of the bank. Efficient economy. № 12. 2017. URL: http://www.economy.nayka.com.ua/?op=1&z=5961 (Accessed: 07.03.2021).
Lang, Jan Hannes, Peltonen, Tuomas A., Sarlin, Peter (2018). A framework for early-warning modeling with an application to banks. Working Paper Series 2182. European Central Bank. 43 p.
Kyshakevych B. Y. (2011). Stress testing of economic capital of the bank on the basis of one-factor models. Scientific Bulletin of NLTU of Ukraine. № 2. P. 210-219.
Kyshakevych B. Y. (2011). Stress testing of the bank's loan portfolio based on multifactor models. Economic space. № 45. P. 161–171.