Economic and legal aspects of banking security under European integration intensification in Ukraine

Abstract

The European integration intentions of Ukraine have made changes to the development of its economy and in particular to the financial sphere. Substantially, these changes affected the banking system development, which is a systemic element of the financial and credit market. The essence of these changes manifests itself in the increase of foreign banks presence, the need to implement the EU banking legislation norms and methods of banking business in the domestic practice. All this determines the urgency of the effective development of economic and legal aspects of Ukraine's banking security in the European integration context. From there, 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 analyzed. It is concluded that the lack of unified reports on the criteria for criminal offenses in the sphere of banking provides a dubious picture of the definite level of these crimes. 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. Lack of unified reports as well as the unified terminology and the classification envisaged at the legislative level of these socially dangerous actions complicates identifying the criminological indicators of the crimes in banking. Lack of practice in considering such categories of the cases and the corresponding resolutions of the Plenum of the Supreme Court of Ukraine also does not contribute to the fair court decisions on these matters.

Forecasting the level of financial security of the country (on the example of Ukraine)

“…Today, in Ukraine, the Ministry of Economic Development and Trade developed a methodology for assessing the level of financial and economic security in the country, which includes the components of banking, non-bank, debt, budget, currency and monetary security. Thus, modern banking segment in Ukraine activates European integration and at the same time involves additional risks in the security context in all spheres (Kurylo, 2018).…”

Structural and Legal Analysis of Banking Safety in Ukraine

“…М. Kurylo, A. Klochko, D. Zhuravlov, H. Javadov (2018) reveal that permanent or sudden negative effects that arise in any field of activity may affect the final result of the bank's activities. They may be of different origin and can cause damage both to the banking institution itself and to all entities with which it is associated.…”

Formation of Conceptual Bases for State Financial Security Supply: Strategic and Tactical Actions

“…Analysis of the recent research and publications. Methodological and applied problems in ensuring an adequate level of financial security are increasingly attracting the attention of domestic and foreign scholars, and in recent years have become the subject of research both in monographic works [1] and in the professional publications of such scholars as V. Mihaylyuk [2], U. Vladychyn, I. Skomorovych, S. Lobozynska [3], A. Józef, A. Bukhtiarova, S. Chorna, O. Iastremska, T. Bolgar [4], S. Khalatur, G. Pavlova, K. Zhylenko [5], G. Blakyta, T. Ganushchak [6], M. Kurylo, A. Klochko, D. Zhuravlov, H. Javadov [7] and others [8][9][10]. A large number of scientific studies, which specify the nature of origin and the components of the financial security supply mechanism for macro and micro economic economic systems, prove that the number of problems in securityoriented management remains significant, and therefore the chosen scientific topic is relevant.…”