REFORMING BANKING LEGISLATION: MAIN TRENDS AND OBSTACLES
Journal Title: Юридичний науковий електронний журнал - Year 2017, Vol 5, Issue
Abstract
Today, in the conditions of deteriorating conditions for conducting banking activity due to objective and subjective factors, it is very important to determine the guidelines and to model further ways of updating the banking legislation of Ukraine. Such a benchmark should become the norms of European law in the banking industry. The purpose of this article is to identify the main trends of the banking legislation of Ukraine at the present stage. Ukraine proclaimed a course on European integration by concluding a Partnership and Cooperation Agreement with the EU in 1994. And now it is obliged to bring legislation in the priority spheres of social and economic development, including in the banking sphere. Banking legislation of Ukraine as a whole is consistent with the relevant EU law. However, the banking system of Ukraine is still insufficiently developed. We believe that in the long run, the reform of the banking sector should be aimed at reducing the cost of capital for domestic actors and ensuring sustainable economic development.
Authors and Affiliations
Н. В Барахтян
Keywords
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