|Title||Combating crime in the banking sector as a method for ensuring its stability (evidence from Ukraine)|
Боротьба зі злочинністю в банківському секторі як метод забезпечення його стабільності (дані з України)
Klochko, Alona Mykolaivna
Lohvynenko, Mykola Ivanovych
|Date of Issue||2020|
|License||Creative Commons Attribution 4.0 International License|
|Citation||Alyona Klochko, Oksana Kvasha, Zoia Zahynei, Mykola Logvinenko and Mykola Kurylo (2020). Combating crime in the banking sector as a method for ensuring its stability (evidence from Ukraine). Banks and Bank Systems, 15(1), 143-157. doi:10.21511/bbs.15(1).2020.14|
An effective system for combating banking crimes can ensure the stability of the
Ukrainian banking sector. Developing such a system requires an analysis of public
policy institutional instruments to counter threats to the banking system stability. The
article proposes the crime counteraction concept for the Ukrainian banking system
based on the analysis of scientific articles dealing with the issue, relevant provisions
of legal acts and on the study of functions of law enforcement agencies, individual
executive bodies, central public authorities, state collegial bodies, territorial NBU departments, Ukrainian banks and their branches, the Deposit Guarantee Fund, international institutions, and bank clients.
It has been established that the stability of the Ukrainian banking system can be ensured by effective interaction of all actors in combating crime in the banking business. Overlapping of their functions and some conflict rules negatively affect ensuring the banking system stability by entities engaged in banking crime counteraction.
Therefore, an algorithm of cooperation between relevant counteraction entities should
be developed and reflected in the Banking and Financial Security Strategy on the legislative level. Optimization of statistical reporting on crime in the Ukrainian banking
sector in a more informative format requires data on both individual types of banking
crimes and on the persons who commit them. As part of the work of the National Bank
of Ukraine’s Public Council, it is necessary to organize regional public councils and
ensure cooperation between bank clients and local banking institutions. It is assumed
that the development of effective mechanisms for protecting rights and legitimate interests of depositors and creditors, as well as combating criminalization in the banking
sector will be the main functions of these regional public councils. The relevant innovations require amendments to the Regulation on the NBU Public Council.
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Наукові видання (ННІП)
|BBS_2020_01_Klochko.pdf||383,46 kB||Adobe PDF||7365|
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