Banking control in Ukraine: problems of implementation and adaptation to international standards

Mariia Antsyferova, Iryna Batko "Banking control in Ukraine: problems of implementation and adaptation to international standards".

1
Lviv Polytechnic National University, Ukraine
2
Lviv Polytechnic National University

The article revealed that the current national legislation of Ukraine, unfortunately, does not have a legally regulated concept of "banking control". Scientific doctrine is multifaceted and contains diametrically different interpretations. Without pretending to the completeness and redundancy of the analysis of existing views on the nature of bank control, we will formulate the author's definition of "bank control". It is established that the domestic banking legislation is based on "Basel I" with the exception of the amendment regarding the inclusion of market risks from 1996.

It was noted that the experience of foreign countries indicates a change in approaches to bank control. It is no longer just a control over compliance by banks with formal indicators, it is a transition to the principles of banking control defined in the international agreements "Basel II" and "Basel III", the introduction of a risk-oriented approach, quality control at the level of the banks themselves.

It was concluded that the implementation of a number of Basel II and Basel III principles in Ukraine will only strengthen the Ukrainian banking sector as a whole due to a better understanding and quantitative assessment of risks, improving the quality of corporate governance and increasing business transparency.

  1. Konstytutsiia Ukrainy [Constitution of Ukraine] vid 28.06.1996 roku № 254/96 VR. Vidomosti Verkhovnoi Rady Ukrainy (VVR), 1996. № 30. P. 141. (Iz zminamy). [in Ukrainian].
  2. Savchenko L. A. Pravovi osnovy finansovoho kontroliu [Legal basis of financial control]: navch. posib. K.: Yurinkom Inter, 2008. 504 p. [in Ukrainian].
  3. Fomin H. F. Bankivske pravo Ukrainy [Banking law of Ukraine]: navch. posib. Kh.: Vyd-vo Khark. un-tu vnutr. sprav, 2008. 360 p. [in Ukrainian].
  4. Pasichnyk V. V. Bankivskyi nahliad: pravovi zasady ta problemy zdiisnennia [Banking supervision: legal principles and implementation problems.]. Bankivske pravo Ukrainy / pid zah. red. A. O. Selivanova. K.: In Yure, 2000. 340 p. [in Ukrainian].
  5. Savchenko L. A. Pravovi problemy finansovoho kontroliu v Ukraini [Legal problems of financial control in Ukraine]: monohrafiia. Irpin: Akad. derzh. podatkovoi sluzhby Ukrainy, 2001. 407 p. [in Ukrainian].
  6. Surzhynskyi M. Poniattia i sutnist bankivskoho rehuliuvannia ta bankivskoho nahliadu v Ukraini [Concept and essence of banking regulation and banking supervision in Ukraine]. Yurydychnyi zhurnal. 2004. № 8. P. 13–33. [in Ukrainian].
  7. Kovaliv M.V. Bankivske pravo Ukrainy [Banking law of Ukraine]: navch. posibn. / [Kovaliv M. V., Yesimov S. S., Nazar T. Ya. ta in.]. Lviv : SPOLOM, 2023. 256 p. [in Ukrainian].
  8. Bankivske pravo [Banking law]: pidruchnyk /O. A. Kostiuchenko. K.: VD «Profesional», 2004. 544 p. [in Ukrainian].
  9. Tiutiunnyk R.M. Poniattia ta pryntsypy bankivskoho kontroliu v Ukraini [Concepts and principles of banking control in Ukraine]. Uchenыe zapysky Tavrycheskoho natsyonalnoho unyversyteta ym. V. Y. Vernadskoho. Seryia «Iurydycheskye nauky». Tom 24 (63). № 2. 2011. P. 166-172. [in Ukrainian].
  10. Pro Natsionalnyi bank Ukrainy [About the National Bank of Ukraine]: Zakon Ukrainy vid 20.05.1999 № 679-XIV. Vidomosti Verkhovnoi Rady Ukrainy (VVR), 1999, № 29, st.238 [in Ukrainian].
  11.  Pro banky i bankivsku diialnist [About banks and banking activity]: Zakon Ukrainy vid 07.12.2000 № 2121-III. Vidomosti Verkhovnoi Rady Ukrainy (VVR), 2001, № 5-6, st.30. [in Ukrainian].
  12. Osnovni pryntsypy efektyvnoho bankivskoho nahliadu [Basic principles of effective banking supervision] (Osnovni Bazelski pryntsypy) / Robochyi variant perekladu ukrainskoiu movoiu. 117 s. URL: http://bank.gov.ua/control/uk/publish/category?cat_id=45216 (data zvernennia: 17.10.2023) [in Ukrainian].
  13. Onikiienko S.V. Bazelski uhody: protyrichchia rehuliuvannia [Basel Accords: Contradictions of Regulation]. Ekonomika ta derzhava. 2013. № 9. P. 29–31. [in Ukrainian].
  14. Bankivska systema Ukrainy: instytutsiini zminy ta innovatsii [Банківська система України: інституційні зміни та інновації]: kol. monohr. /[L.O. Prymostka, M.I. Dyba, I.V. Krasnova ta in.]; za zah. red. L.O. Prymostky. K.: KNEU, 2015. 434 p. [in Ukrainian].
  15. Zadneprovska S.P. Kontrol ta yoho vydy  u diialnosti suchasnoho banku [Control and its types in the activity of a modern bank]. Bankivski tekhnolohii. 2015, P. 5-11. [in Ukrainian].
  16. Mishchenko T.B. Otsinka suchasnoi systemy finansovoho kontroliu bankivskoi diialnosti v Ukraini [Evaluation of the modern system of financial control of banking activity in Ukraine]. URL https://core.ac.uk/download/pdf/55296149.pdf (data zvernennia: 18.10.2023) [in Ukrainian].
  17. Baha O.M. Perspektyvy zaprovadzhennia mizhnarodnykh standartiv «Bazel-III» dlia vitchyznianykh bankiv na osnovi mizhnarodnoho dosvidu [Prospects for the introduction of international standards "Basel-III" for domestic banks based on international experience]. Traektoryia nauky, Эlektronnыi nauchnыi zhurnal. 2016. № 4(9). P. 237-245. [in Ukrainian].
  18. Khorunzhyi D. Suchasni tendentsii vprovadzhennia polozhen Bazelia III [Modern trends in the implementation of the provisions of Basel III]. Visnyk Natsionalnoho banku Ukrainy. 2015. №4. P. 60-65. [in Ukrainian].