{"id":14922,"date":"2021-03-20T14:00:00","date_gmt":"2021-03-20T12:00:00","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=14922"},"modified":"2021-03-22T14:39:42","modified_gmt":"2021-03-22T12:39:42","slug":"formation-of-a-mechanism-for","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/formation-of-a-mechanism-for\/","title":{"rendered":"Kvasnytska R., Dotsenko I., Prystupa D. Formation of a Mechanism for Ensuring the Financial Security of the Bank"},"content":{"rendered":"

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JEL Classification<\/strong>: G 21; E 50<\/em>
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V25(2021)-11<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Kvasnytska Raisa,<\/strong> Doctor of Economic Sciences, Associated Professor, Professor of the Department of Finance, Banking and Insurance, Khmelnytskyi National University, Khmelnytskyi, Ukraine<\/p>\n

ORCID:<\/strong> 0000-0002-0443-9390<\/a>
\ne-mail:<\/strong> rstepanivna@gmail.com<\/a><\/p>\n

Dotsenko Inna,<\/strong> PhD (Economics), Associate Professor of the Department of Finance, Banking and Insurance, Khmelnytskyi National University, Khmelnytskyi, Ukraine<\/p>\n

ORCID:<\/strong> 0000-0003-4972-3106<\/a>
\ne-mail:<\/strong> innochka.docenko@gmail.com<\/a><\/p>\n

Prystupa D<\/strong>mitrii<\/strong>, Applicant of Higher Education, Faculty of Economics and Management, Khmelnytskyi National University, Khmelnytskyi, Ukraine<\/p>\n

e-mail:<\/strong> dima.pristupa.po4ta@gmail.com<\/a><\/p>\n

 <\/p>\n

Formation of a Mechanism for Ensuring the Financial Security of the Bank<\/h2>\n

 <\/p>\n

Annotation. Introduction<\/strong>. The current situation in the market of banking services is due to the influence of internal and external factors that make the bank vulnerable to crises.\u00a0 The financial security of the bank is the key to its stable development, so its research is extremely important.\u00a0 The priority of ensuring the financial security of the bank necessitates a comprehensive approach by developing an appropriate mechanism to ensure the financial security of the bank, taking into account the impact of external and internal threats.<\/p>\n

Purpose<\/strong>. The purpose of the work is to develop elements of the mechanism for ensuring the financial security of the bank, taking into account internal and external threats.<\/p>\n

Results.<\/strong> Theoretical problems of the mechanism of financial security of the bank are considered.\u00a0 Based on a critical analysis of the economic literature, the author’s interpretation of the concept of “mechanism for ensuring the financial security of the bank” from the standpoint of the impact of internal and external threats.\u00a0 The purpose and tasks of the mechanism of ensuring the financial security of the bank are highlighted.\u00a0 It is proposed to divide the functions of the bank’s financial security mechanism into basic and specific functions, those that are inherent in banking.\u00a0 The principles of ensuring the financial security of the bank are highlighted.\u00a0 It is substantiated that the process of forming the mechanism of ensuring the financial security of the bank is complex and should take into account the impact of internal and external threats.\u00a0 The threats affecting the financial security of commercial banks are ranked, with their division into internal and external. The main threats to the external environment are: global or local financial crises; falling demand for loans and banking services; the level of distrust on the part of legal entities and individuals in the banking system; refinancing volumes and the size of the discount rate; low level of investment activity in the country, and consequently the lack of investment funds.\u00a0 The main internal threats to the bank’s financial security are: errors in strategic planning and forecasting; irrational use of the bank’s potential; low level of return on assets.\u00a0 The stages of the mechanism of ensuring the financial security of a banking institution on the basis of taking into account the impact of internal and external threats have been formed.<\/p>\n

Conclusions<\/strong>. Based on the proposed stages of the mechanism of financial security of the bank, taking into account the impact of internal and external threats, we can trace all possible options for using strengths and opportunities in developing a strategy for financial stability of the bank, as well as identify factors influencing the bank.<\/p>\n

Keywords:<\/strong> threats, internal threats, external threats, collateral, mechanism, financial security of the bank, functions of the mechanism, principles of the mechanism, subjects and objects of the mechanism.<\/p>\n

References:<\/strong><\/p>\n

    \n
  1. Kryl, Ya. M. & Ovcharenko, E. I. (2011). Descriptive complementarity of ensuring economic security and domestic management traditions. Management. Entrepreneurship<\/em>, 23 (II), 211-217 [in Ukrainian].<\/li>\n
  2. Cheberyako, O. V. & Kryvovyaz, M. A. (2015). Economic and theoretical essence of the system of financial security of the enterprise. Economy and state<\/em>, 11, 94-98 [in Ukrainian].<\/li>\n
  3. Cheberyako, O. V. & Kryvovyaz, M. A. (2015). Structural elements of the system of financial security of the enterprise. Efficient economy, <\/em>10, 102-105 [in Ukrainian].<\/li>\n
  4. Baranovsky, O. I. (2014). Philosophy of security: a monograph in 2 volumes. Security of financial institutions<\/em>. Kyiv: UBS NBU [in Ukrainian].<\/li>\n
  5. Shiyan, D. V. (2014). Organizational and methodological aspects of forming the mechanism of financial security of the banking system. Financial space<\/em>, 2, 158-163 [in Ukrainian].<\/li>\n
  6. Titkov, K. O. & Litvinchuk, I. V. (2020). Ensuring financial security of a banking institution. URL: http:\/\/eztuir.ztu.edu.ua\/jspui\/bitstream\/123456789\/530\/1\/147.pdf [in Ukrainian].<\/li>\n
  7. Vovk, V. Ya. (2012). Theoretical principles of financial security of the bank. Problems of the economy<\/em>, 4, 200-204.<\/li>\n
  8. Brown, C. & Robinson, L.(2016). Breaking the Cycle: From Poverty to Financial Security for All. PolicyLink<\/em>, 42.<\/li>\n
  9. Kim, C. (2016). Strengthening the Global Financial Safety Net: Challenges and Prospects. Emerging Markets Finance and Trade<\/em>, 52 (10), 2212-2220.<\/li>\n
  10. Yakubyak, I. M. (2020). Modern threats to financial security of commercial banks of Ukraine and methods of their management. URL: https:\/\/core.ac.uk\/download\/pdf\/145611552.pdf [in Ukrainian].<\/li>\n
  11. Vasylchyshyn, O. B. (2018). Financial security of the banking system of Ukraine in the conditions of threatening tendencies of capital withdrawal. Scientific notes of Tavriya National University named after V.I. Vernadsky<\/em>, 29 (68), 73-83 [in Ukrainian].<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received:<\/strong> 13 Decevber 2020<\/p>\n

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    Kvasnytska R., Dotsenko I., Prystupa D. (2021). Formation of a Mechanism for Ensuring the Financial Security of the Bank. Modern Economics<\/em>, 25(2021), 73-78. DOI: https:\/\/doi.org\/10.31521\/modecon.V25(2021)-11.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: G 21; E 50 DOI: https:\/\/doi.org\/10.31521\/modecon.V25(2021)-11 [\/vc_column_text][vc_column_text] Kvasnytska Raisa, Doctor of Economic Sciences, Associated Professor, Professor of the Department of Finance, Banking and Insurance, Khmelnytskyi National University, Khmelnytskyi, Ukraine ORCID: 0000-0002-0443-9390 e-mail: rstepanivna@gmail.com Dotsenko Inna, PhD (Economics), Associate Professor of the Department of Finance, Banking and Insurance, Khmelnytskyi National University, Khmelnytskyi, Ukraine
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