VECTORS OF DEVELOPMENT OF CREDIT RISK MANAGEMENT IN BANKS

Background. The global financial crisis has caused the need to change the direction of foreign and domestic regulation of credit activity of banks, resulting in the development of innovative approaches to credit risk management. Analysis of recent research and publications. Despite the existence of some scientific achievements there are acutely controversial and poorly laid issue devoted to the study of features of regulating credit risk in the post-crisis period that are based on the deficiencies identified during the global financial crisis. The aim of the article is to identify new areas of external and internal regulation of credit risk of banks in view of the lessons of the global financial crisis and the current trends of their lending activities. Material and methods. Comparison, grouping, graphic, tabular methods and analysis of domestic and foreign banks for regulation of credit risk matrices were used in the research process. Results. The study revealed that the key issues that led to significant losses on credit operations of banks during the global financial crisis were: dominance of consumer model in selected countries; inadequacy of ratings and low transparency of information, leading to a distortion of the real situation in the financial market; imperfect mechanism of provisioning for losses on credit operations of banks; low efficiency of evaluation tools of individual and portfolio credit risk; inconsistency between business strategy and risk management strategy; imperfect infrastructure of credit risk management in banks. In order to solve these problems, authors recommended to change the vectors of the credit risk management of banks as follows: form a strategy of proactive credit risk management; develop a culture of credit risk management; improve credit risk management infrastructure, in particular organizational, methodological and information support; correct approach to the formation of the limits and provisioning to compensate potential losses caused by credit risk, as well as external and internal rating assessments of borrowers. Conclusion. Changing vectors of credit risk management in banks of Ukraine will increase the efficiency of credit activity, improve their credit rating and provide stable long-term functioning of the market.