Search engine for discovering works of Art, research articles, and books related to Art and Culture
ShareThis
Javascript must be enabled to continue!

THEORETICAL AND PRACTICAL ASPECTS OF MANAGING THE FINANCIAL AND ECONOMIC SECURITY OF BANKS

View through CrossRef
Introduction. Existing economic and managing ways to ensure the financial and economic security of banks in Ukraine are not always reliable tools, because its mostly relate to certain aspects of the bank's activities, rather than the bank as a whole open dynamic dynamic system. According to the system approach, the basis of security of such systems is the bank's compliance with stability and dynamic balance. In this case, the stability should be considered in three aspects – the stability of the trajectory of development, the stability of the attractor and structural stability. The purpose of the study is the theoretical justification and development of practical recommendations for the building an effective system of financial and economic security management of banks considering the risks in its activities. Method (methodology). The methodological basis of the study is a systematic approach, methods of analysis and synthesis, theoretical and logical generalisations and hypotheses, economic and mathematical methods. Results. It was justified the expediency of using an integrated model of financial and economic security management of banks, which is based on an effective risk management system and provides a systematic process of risk identification, measurement, monitoring, control, reporting and appropriate regulation at all organizational levels. The proposed integrated model should include such basic components as: assessment of the existing security potential of the bank; adaptive (stabilizing) mechanism; obtaining a synergistic effect. The building of an effective system for managing the financial and economic security of banks is impossible without high-quality diagnostics and constant monitoring of the security potential of banks. A summary indicator has been developed to assess the potential of financial security of banks assessment, which is calculated on the basis of risk and the available potential of the bank's strength. It is proposed to use early warning signals that consider the dynamics and variability of liquidity and performance of banks. Experimental testing of the proposed instruments was carried out according to the financial statements of banks. The article reveals the essence of financial and economic security of banks and identifies components of the mechanism of bank security management. Developed conceptual approaches involve the use of preventive methods to prevent threats to the security of banks.
West Ukrainian National University
Title: THEORETICAL AND PRACTICAL ASPECTS OF MANAGING THE FINANCIAL AND ECONOMIC SECURITY OF BANKS
Description:
Introduction.
Existing economic and managing ways to ensure the financial and economic security of banks in Ukraine are not always reliable tools, because its mostly relate to certain aspects of the bank's activities, rather than the bank as a whole open dynamic dynamic system.
According to the system approach, the basis of security of such systems is the bank's compliance with stability and dynamic balance.
In this case, the stability should be considered in three aspects – the stability of the trajectory of development, the stability of the attractor and structural stability.
The purpose of the study is the theoretical justification and development of practical recommendations for the building an effective system of financial and economic security management of banks considering the risks in its activities.
Method (methodology).
The methodological basis of the study is a systematic approach, methods of analysis and synthesis, theoretical and logical generalisations and hypotheses, economic and mathematical methods.
Results.
It was justified the expediency of using an integrated model of financial and economic security management of banks, which is based on an effective risk management system and provides a systematic process of risk identification, measurement, monitoring, control, reporting and appropriate regulation at all organizational levels.
The proposed integrated model should include such basic components as: assessment of the existing security potential of the bank; adaptive (stabilizing) mechanism; obtaining a synergistic effect.
The building of an effective system for managing the financial and economic security of banks is impossible without high-quality diagnostics and constant monitoring of the security potential of banks.
A summary indicator has been developed to assess the potential of financial security of banks assessment, which is calculated on the basis of risk and the available potential of the bank's strength.
It is proposed to use early warning signals that consider the dynamics and variability of liquidity and performance of banks.
Experimental testing of the proposed instruments was carried out according to the financial statements of banks.
The article reveals the essence of financial and economic security of banks and identifies components of the mechanism of bank security management.
Developed conceptual approaches involve the use of preventive methods to prevent threats to the security of banks.

Related Results

EFFICIENCY OF THE ACTIVITIES OF BANKING INSTITUTIONS IN UKRAINE
EFFICIENCY OF THE ACTIVITIES OF BANKING INSTITUTIONS IN UKRAINE
Introduction. The article examines statistical data on the number of banks that have a banking license, banks with foreign capital and the dynamics of the influence of foreign capi...
Utilizing A Deep learning approach to examine the consequences of Bank's Web -Based-Social Responsibility Disclosure
Utilizing A Deep learning approach to examine the consequences of Bank's Web -Based-Social Responsibility Disclosure
Corporate social responsibility (CSR) is a global research and practice topic that encompasses various values, corporate environment, and philanthropic behavior (Inekwe et al., 202...
Ekonomika bosanskih velikaša u 14. i 15. stoljeću
Ekonomika bosanskih velikaša u 14. i 15. stoljeću
The role and significance of the Bosnian nobility in the historical currents of medieval Bosnia can be reliably traced in the 14th and 15th centuries when various socio-political f...
Evaluation Methods of Financial Security of Municipalities
Evaluation Methods of Financial Security of Municipalities
Subject / topic. Financial security of the state consists of many constituent elements and can be divided into federal, regional and local levels, each of which conditions financia...
ECONOMIC ESSENCE OF THE FINANCIAL STABILITY OF THE BANKING SYSTEM
ECONOMIC ESSENCE OF THE FINANCIAL STABILITY OF THE BANKING SYSTEM
Introduction. The article examines the essence of financial stability and stability of the banking system in order to analyze and understand them. The main approaches to interpreti...
Financial Advisory LLM Model for Modernizing Financial Services and Innovative Solutions for Financial Literacy in India
Financial Advisory LLM Model for Modernizing Financial Services and Innovative Solutions for Financial Literacy in India
Abstract Dynamically evolving financial conditions in India place sophisticated models of financial advisory services relative to its own peculiar conditions more in demand...
Sharia Compliance and Profitability in Financial Performance Islamic Banks in Indonesia
Sharia Compliance and Profitability in Financial Performance Islamic Banks in Indonesia
This study sought to evaluate the financial performance of Islamic commercial banks in Indonesia from 2018 to 2022, with a specific focus on Sharia compliance and profitability. Se...
Financial Regulations, Profit Efficiency, and Financial Soundness: Empirical Evidence from Commercial Banks of Pakistan
Financial Regulations, Profit Efficiency, and Financial Soundness: Empirical Evidence from Commercial Banks of Pakistan
The purpose of this paper is threefold. First, it measures profit efficiency and financial stability of commercial banks of Pakistan. Second, it empirically estimates the effect of...

Back to Top