REGULATION AND SUPERVISION OF CREDIT INSTITUTIONS
Journal Title: Держава та регіони. Серія: Економіка та підприємництво - Year 2018, Vol 4, Issue 103
Abstract
The article carries out the comparative analysis of the modern system of regulation and supervision of credit institutions in Ukraine. The aim of the paper is to analyse the current system of regulation and supervision of credit institutions and identify key areas for its reform. The structure of the domestic financial market by the subjects is determined: state regulators, financial intermediaries (banking sector, non-bank credit sector, insurance sector, investment sector). The author of the article proves the necessity of changing the paradigm of regulation of the banking and non-bank credit sector through the provision of NBU powers to oversee credit institutions. The factors that affect the level for reforming the regulatory and supervisory system of credit institutions are determined. The author of the article referred to them: the protection of the interests of financial services consumers; the prevention of insolvency and ensuring their financial sustainability through the application of appropriate corrective measures by: identifying the increased risks in the activity; control over solvency, liquidity, and profitability; minimizing bankruptcy and systemic crises; forecasting of future financial results based on reports of the current period. It is concluded that the main directions for reforming the system of regulation and supervision of credit institutions should be the introduction of the macroprudential policy. The author of the article concludes that the transition of regulation of non-bank credit institutions to the National Bank of Ukraine will allow: reducing the number of state supervision bodies in the market for non-bank financial services; clearing the market from unscrupulous players; introducing the same clear rules of the game; stimulating the intensive development of this market; increasing the investment attractiveness of non-bank credit institutions; reducing the cost of providing financial services to consumers; increasing the security of users of financial services.
Authors and Affiliations
V. V. Kovalenko
Keywords
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