РЕФОРМИ БАНКІВСЬКОГО СЕКТОРУ В СИСТЕМІ МОНЕТАРНОЇ ПОЛІТИКИ

Abstract

In the article the efficiency of implementation of reforms in the banking sector in the conditions of crisis is analysed. An analytical study of the implemented measures of reforming the banking sector as a significant component of the country's monetary policy system has been carried out. It is indicated that the banking sector, as the main regulator of the country's monetary policy, keeps the most important blocks of the financial system of the state under absolute control. But at present, the country's economic sector and its banking sector in particular is facing serious threats that require concrete proposals to resolve them. It is specified that the issues of determining the factors and factors that support the country's economy and the search for effective reforms of the banking sector in the monetary policy system are becoming particularly relevant. It is stated that banking crises are an indicator of instability and devaluation of the economy. To avoid their recurrence or mitigate their negative impact, government regulators should develop a mechanism that would strengthen prudential requirements for market participants – financial companies. It is noted that after the reforms of the banking sector of Ukraine in the field of corporate lending in 2016–2017, banks became more willing to provide loans for small amounts, and consequently, the concentration of the loan portfolio decreased. It is noted that the implemented reforms have encouraged banks to pay more attention to the financial condition of debtors, which has allowed to expand access to credit for financially stable clients. It is emphasised that banking sector reform should be the highest priority of the monetary policy system if the country intends to improve and realise its economic growth potential in the coming years. It is concluded that reformation efforts should be aimed at strengthening the supervisory structure, enhancing prudential requirements, increasing transparency of banking operations, management and financial reporting, as well as facilitating the consolidation of fragmented private banks and equalising of the playing field between private and state-owned banks, in particular, given the dominant position of the National Bank and the full guarantee of household deposits in private banks.