METHODOLOGICAL FUNDAMENTALS FOR DETERMINING THE RISK LEVELS RELATED TO THE USE OF PAYMENT SYSTEMS

In the process of writing the article, the results of the study of the essence of the concept of «risk» and its peculiarities in the process of payment systems functioning were revealed. It is noted that risk is an objective and subjective category, which is generated by the uncertainty, complexity and versatility of the decision-making process. The classification of risks generated by the use of payment systems was considered. The main risk characteristics were attributed to: the distribution of risks according to the risk category, depending on the bank's strategy, sources of origin, nature of occurrence and scope. The mathematical function that leads to the determination of the potential level of risk of the payment system is also considered. This technique can be used to quantify risks. An important stage of the study was a thorough study of the Methodological Recommendations for Risk Management in Payment Systems, developed on the basis of the Law of Ukraine «On Payment Systems and Funds Transfer in Ukraine» and its main provisions. The conceptual principles of oversight (payment) of payment systems in Ukraine, which include principles, regulatory support, information and analytical support, methods and tools of overseas, as well as its basic tools, are outlined.