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STRATEGIC PRIORITIES OF FINANCIAL SECURITY DEVELOPMENT IN THE BANKING SECTOR OF UKRAINE

Journal: Academic Bulletin "Economics and Region" (Vol.3, No. 52)

Publication Date:

Authors : ; ;

Page : 3-8

Keywords : financial security; banking; strategic priorities; monetary and exchange rate policy;

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Abstract

Vulnerability to a range of external and internal factors. strategic priorities of financial security development in the banking sector of Ukraine are substantiated, including improvement of monetary and exchange rates policy. The prerequisites for sustainable development of the banking sector in the medium term are identified: to stimulate additional capitalization of banks by the shareholders; further recovery of the banking system by means of withdrawal troubled banks from the market; supporting the process of bank capital consolidation; approximation of standards regulating solvency and liquidity of banks to the Basel Committee recommendations; improving the reliability of systemically important banks; improving institutional capacity regulators; creation of additional guarantees for financial stability in the event of economic recession; promoting development of credit bureaus; gradual abolition of administrative measures, including currency restrictions and practice of multiple exchange rates; involvement of additional long-term passives in national currency in the banking system.

Last modified: 2016-07-19 16:38:11