Global Banking System Regulatory Environment
The international and domestic experience shows that the main factors of financial destabilization during the financial crises are in the banking sector. The article reveals that the vulnerability of the financial system is connected with functions, deposit and credit transactions, risks distribu...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Kyiv National Economic University named after Vadym Hetman
2017-03-01
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| Series: | International Economic Policy |
| Subjects: | |
| Online Access: | http://iepjournal.com/journals_eng/26/2017_2_Mozgoviy_Pavlyuk.pdf |
| _version_ | 1818806216392966144 |
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| author | Oleh Mozhovyi Olena Pavliuk |
| author_facet | Oleh Mozhovyi Olena Pavliuk |
| author_sort | Oleh Mozhovyi |
| collection | DOAJ |
| description | The international and domestic experience shows that the main factors of
financial destabilization during the financial crises are in the banking sector. The article
reveals that the vulnerability of the financial system is connected with functions, deposit and
credit transactions, risks distribution and ensuring liquidity; banks act as a major factor in
stabilisation measures in the current context of globalization processes, since the economic
stability of banking activities relates directly to all the entities and only stable banking
system can withstand the crisis phenomena. Therefore, as a result of the analysis, it is proved
that not only reduction of risks of banks is needed, but also introduction of the effective
supervision system over implementation of the requirements and standards to prevent these
risks. According to modern international approaches, banks use the so-called prudential
supervision, which is based on the risk management assessment policy on the part of the
Bank’s management, and regulatory bodies contribute to implementation of such policy. The
authors have concluded that not only modern specificity of banks, but also the impact of
supervision systems and regulation of modern trends in development of the banking should be
analysed. Application of the general regulatory principles and banking risks methodology is
required. The task of supervision is distribution of reliable risk management practices in the
banking system, taking into account national peculiarities of development. |
| first_indexed | 2024-12-18T19:06:15Z |
| format | Article |
| id | doaj.art-c01bb36fc6e24c7cb48b5b01aab653e9 |
| institution | Directory Open Access Journal |
| issn | 1811-9832 1812-0660 |
| language | English |
| last_indexed | 2024-12-18T19:06:15Z |
| publishDate | 2017-03-01 |
| publisher | Kyiv National Economic University named after Vadym Hetman |
| record_format | Article |
| series | International Economic Policy |
| spelling | doaj.art-c01bb36fc6e24c7cb48b5b01aab653e92022-12-21T20:56:24ZengKyiv National Economic University named after Vadym HetmanInternational Economic Policy1811-98321812-06602017-03-01Global Banking System Regulatory EnvironmentOleh MozhovyiOlena PavliukThe international and domestic experience shows that the main factors of financial destabilization during the financial crises are in the banking sector. The article reveals that the vulnerability of the financial system is connected with functions, deposit and credit transactions, risks distribution and ensuring liquidity; banks act as a major factor in stabilisation measures in the current context of globalization processes, since the economic stability of banking activities relates directly to all the entities and only stable banking system can withstand the crisis phenomena. Therefore, as a result of the analysis, it is proved that not only reduction of risks of banks is needed, but also introduction of the effective supervision system over implementation of the requirements and standards to prevent these risks. According to modern international approaches, banks use the so-called prudential supervision, which is based on the risk management assessment policy on the part of the Bank’s management, and regulatory bodies contribute to implementation of such policy. The authors have concluded that not only modern specificity of banks, but also the impact of supervision systems and regulation of modern trends in development of the banking should be analysed. Application of the general regulatory principles and banking risks methodology is required. The task of supervision is distribution of reliable risk management practices in the banking system, taking into account national peculiarities of development.http://iepjournal.com/journals_eng/26/2017_2_Mozgoviy_Pavlyuk.pdfInternational bankingbanking regulationbanking supervisionbanking regulatory environmentthe Basel Committee on Banking Regulations and Supervisory Practices |
| spellingShingle | Oleh Mozhovyi Olena Pavliuk Global Banking System Regulatory Environment International Economic Policy International banking banking regulation banking supervision banking regulatory environment the Basel Committee on Banking Regulations and Supervisory Practices |
| title | Global Banking System Regulatory Environment |
| title_full | Global Banking System Regulatory Environment |
| title_fullStr | Global Banking System Regulatory Environment |
| title_full_unstemmed | Global Banking System Regulatory Environment |
| title_short | Global Banking System Regulatory Environment |
| title_sort | global banking system regulatory environment |
| topic | International banking banking regulation banking supervision banking regulatory environment the Basel Committee on Banking Regulations and Supervisory Practices |
| url | http://iepjournal.com/journals_eng/26/2017_2_Mozgoviy_Pavlyuk.pdf |
| work_keys_str_mv | AT olehmozhovyi globalbankingsystemregulatoryenvironment AT olenapavliuk globalbankingsystemregulatoryenvironment |