Legal Instruments of Regulation of Development of Banking Activity in Ukraine
The article considers main approaches to identification of essence of legal instruments of regulation of development of the banking activity, identifies the mechanism of legal regulation of the banking activity and its elements and justifies the system and form of legal regulation of the banking act...
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| Format: | Article |
| Language: | English |
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Research Centre of Industrial Problems of Development of NAS of Ukraine
2014-03-01
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| Series: | Bìznes Inform |
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| Online Access: | http://www.business-inform.net/pdf/2014/3_0/325_329.pdf |
| _version_ | 1819141596482895872 |
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| author | Senyshch Pavlo M. |
| author_facet | Senyshch Pavlo M. |
| author_sort | Senyshch Pavlo M. |
| collection | DOAJ |
| description | The article considers main approaches to identification of essence of legal instruments of regulation of development of the banking activity, identifies the mechanism of legal regulation of the banking activity and its elements and justifies the system and form of legal regulation of the banking activity in Ukraine. It describes subjects of legal regulation of the banking activity at the international level, which are the Basel Committee on Banking Supervision, European Central Bank, IMF, International Financial Reporting Standards Foundation and others. The article considers specific features of the regulatory requirements of Basel II and Basel III and specific features of their introduction into the banking activity. It describes anti-cyclic measures offered by the Basel Committee, which should facilitate formation of such conditions, under which the banking sector could have a lower level of leverage and stability with respect to influence of system risks. Significant attention is paid to international instruments of regulation of the banking activity, which include the following legal acts: Uniform Rules for Collections, Uniform Customs and Practice for Documentary Credits, and Unified Rules for Loan Guarantees. The article shows that the share of subordinate legal acts is significant in the Ukrainian system of banking regulatory and legal acts since the state cannot operatively react to the changing processes in banking at the legislative level and, that is why, basic provisions on carrying out banking activity should be fixed in law. |
| first_indexed | 2024-12-22T11:56:58Z |
| format | Article |
| id | doaj.art-5ce38ba4b93a446a8829c3469c1583f3 |
| institution | Directory Open Access Journal |
| issn | 2222-4459 |
| language | English |
| last_indexed | 2024-12-22T11:56:58Z |
| publishDate | 2014-03-01 |
| publisher | Research Centre of Industrial Problems of Development of NAS of Ukraine |
| record_format | Article |
| series | Bìznes Inform |
| spelling | doaj.art-5ce38ba4b93a446a8829c3469c1583f32022-12-21T18:26:43ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592014-03-013325329Legal Instruments of Regulation of Development of Banking Activity in UkraineSenyshch Pavlo M.0 National Bank of Ukraine The article considers main approaches to identification of essence of legal instruments of regulation of development of the banking activity, identifies the mechanism of legal regulation of the banking activity and its elements and justifies the system and form of legal regulation of the banking activity in Ukraine. It describes subjects of legal regulation of the banking activity at the international level, which are the Basel Committee on Banking Supervision, European Central Bank, IMF, International Financial Reporting Standards Foundation and others. The article considers specific features of the regulatory requirements of Basel II and Basel III and specific features of their introduction into the banking activity. It describes anti-cyclic measures offered by the Basel Committee, which should facilitate formation of such conditions, under which the banking sector could have a lower level of leverage and stability with respect to influence of system risks. Significant attention is paid to international instruments of regulation of the banking activity, which include the following legal acts: Uniform Rules for Collections, Uniform Customs and Practice for Documentary Credits, and Unified Rules for Loan Guarantees. The article shows that the share of subordinate legal acts is significant in the Ukrainian system of banking regulatory and legal acts since the state cannot operatively react to the changing processes in banking at the legislative level and, that is why, basic provisions on carrying out banking activity should be fixed in law.http://www.business-inform.net/pdf/2014/3_0/325_329.pdfbanking activitylegal instruments of regulationmechanism of legal regulationinternational instruments of regulation of the banking activitybasic lawssubordinate legislationspecial banking laws |
| spellingShingle | Senyshch Pavlo M. Legal Instruments of Regulation of Development of Banking Activity in Ukraine Bìznes Inform banking activity legal instruments of regulation mechanism of legal regulation international instruments of regulation of the banking activity basic laws subordinate legislation special banking laws |
| title | Legal Instruments of Regulation of Development of Banking Activity in Ukraine |
| title_full | Legal Instruments of Regulation of Development of Banking Activity in Ukraine |
| title_fullStr | Legal Instruments of Regulation of Development of Banking Activity in Ukraine |
| title_full_unstemmed | Legal Instruments of Regulation of Development of Banking Activity in Ukraine |
| title_short | Legal Instruments of Regulation of Development of Banking Activity in Ukraine |
| title_sort | legal instruments of regulation of development of banking activity in ukraine |
| topic | banking activity legal instruments of regulation mechanism of legal regulation international instruments of regulation of the banking activity basic laws subordinate legislation special banking laws |
| url | http://www.business-inform.net/pdf/2014/3_0/325_329.pdf |
| work_keys_str_mv | AT senyshchpavlom legalinstrumentsofregulationofdevelopmentofbankingactivityinukraine |