STRUCTURAL AND LEGAL ANALYSIS OF BANKING SAFETY IN UKRAINE

Olena Dzhafarova (), Olena Riabchenko () and Igor Artemenko ()
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Olena Dzhafarova: Kharkiv National University of Internal Affairs, Ukraine
Olena Riabchenko: University of the State Fiscal Service of Ukraine, Ukraine
Igor Artemenko: Court of Appeal of the Odesa Region, Ukraine

Baltic Journal of Economic Studies, 2018, vol. 4, issue 5

Abstract: The article is devoted to the scientific analysis of Ukraine's economic activity under the conditions of European integration processes. It is stressed that the value of the current economic activity is primarily determined by the processes of globalization, the formation of market relations, need for creation of guarantees in these conditions that will ensure a decent life for all members of society because of the need for ensuring the economic and overall national security of Ukraine. However, it is necessary to consider that the access to world markets and formation of an open economy also mean an internal stability of the economy and financial system of the state. The purpose of the article is to clarify the concept of banking security, its main components and levels of development. The report data of the Deposit Guarantee Fund (DGF) and the Prosecutor General's Office of Ukraine for the last years have been analysed. It also testifies about the lack of control and superficial attitude of the controlling bodies towards the processes of the banking sphere criminalization. It is determined that the DGF indicators do not correspond to those of the Prosecutor General's Office of Ukraine reports regarding the crimes committed in the sphere of banking. The government of Ukraine should focus on domestic reforms, the creation of living standards, economics and politics in Ukraine, which are as close as possible to European. Only then it is possible to implement effective mechanisms aimed at neutralizing, minimizing the impact and eliminating the phenomena and factors leading to the creation of external and internal threats to the state's financial security.

Keywords: banking activity; banking security; state; economy; economic activities; world-economy; economic legislation; economic transformation; integration; globalization (search for similar items in EconPapers)
JEL-codes: D63 G21 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:bal:journl:2256-0742:2018:4:5:12

DOI: 10.30525/2256-0742/2018-4-5-67-74

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