SAFETY ISSUES OF BANKS MERGERS AND ACQUISITIONSJournal: Herald of Kyiv National University of Trade and Economics (Vol.95, No. 3)
Publication Date: 2014-06-05
Authors : SKALOZUB Leonid; GORBATIUK Lilia;
Page : 48-63
Keywords : bank; banking business security; mergers and acquisitions.;
Background. The article highlights and critically analyzes the current problems of mergers and acquisitions security in banking business. It deals with the priority areas of security of mergers and acquisitions of banks. Formation and safety of mergers and acquisitions in banking business is relatively new and has not yet been investigated, but in today's banking business it is an important component of bank security in general. The purpose of the paper is to investigate the problematic aspects of the security of mergers and acquisitions of banks and the selection of priority areas to ensure the safety of these operations. Results. Concentrating efforts of bank units on security, it is advisable to use a variety of measures by introducing enhanced control over mergers and acquisitions, bank secrecy and the responsibility of the bank employees for possible abuse and fraud. The priorities of the security mergers and acquisitions of banks are: 1) strengthening the existing security system, developing a set of measures covering the legal, organizational, technical, technological and economic aspects of the transaction; 2) identifying subjects performing the above steps, deadlines, budget measures and the establishment of liability levels of security issues responsible for undone or done improperly activities; 3) establishing besides higher security coordination unit also coordinating and supervising regional authorities implementing these measures; 4) ensuring regular monitoring for the permanent, organizational functioning foundation that will provide the most efficient implementation of the agreement. Conclusion. The algorithm of safety provision of mergers and acquisitions of banks is based on the close relationship between the goals, objectives, methods and instruments of safety management to determine and minimize the impact of threats and hazards specific for the above mentioned transaction.
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