FEATURES OF FORMATION OF THE MECHANISM OF ENSURING ECONOMIC SECURITY OF THE BANKING SYSTEM OF UKRAINE
Journal Title: Економіка: реалії часу - Year 2016, Vol 4, Issue 26
Abstract
In recent years scientific publications turn much attention to the problems of functioning of banking institutions in Ukraine, analysis of the crisis phenomena in the banking sector and measures to eliminate their consequences, multiple direction and ways of improving their work. This growing attention to these issues due to the fact that economic and managerial bases of safety in the banking institutions development in Ukraine, despite the intensive growth of their size, do not meet the needs of the economy national economy in full, did not become a condition for the formation of a strong mechanism to ensure monetary security as a basis for improving the yield of constituent entities of the national economy, but rather became catalysts to the banking crisis. The purpose of this article is to develop a mechanism of ensuring economic security of the banking system in Ukraine, which aims at improving the level of management of economic safety of banking institutions and rapid adaptation to changing conditions of competition in the national economy banking sector. Consequently, the proposed combination is considered part of the economic security of Ukrainian banking system, which consists of approaches to definition of essence of economic security in the banking system, the mandatory conditions for a successful implementation of the banking system economic security, the classification of the factors causing threats of economic security in the banking system, three level system of indicators for evaluation of strategic decisions in management of economic safety of banking institutions and formulated a consensus approach to the understanding of the concept «economic safety of a banking institution» and helped establish a mechanism for ensuring economic security of the banking system in Ukraine, which aims at improving the level of management of economic safety of banking institutions and rapid adaptation to changing conditions of competition in the banking sector, which is a mandatory element forming the mechanism to ensure monetary security of the country as bases of increase of profitability of business entities.
Authors and Affiliations
Larysa Frolova, Anzhela Kulinska
Keywords
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