Abstract
An effective system for combating banking crimes can ensure the stability of the Ukrainian banking sector. Developing such a system requires an analysis of public policy institutional instruments to counter threats to the banking system stability. The article proposes the crime counteraction concept for the Ukrainian banking system based on the analysis of scientific articles dealing with the issue, relevant provisions of legal acts and on the study of functions of law enforcement agencies, individual executive bodies, central public authorities, state collegial bodies, territorial NBU departments, Ukrainian banks and their branches, the Deposit Guarantee Fund, international institutions, and bank clients.It has been established that the stability of the Ukrainian banking system can be ensured by effective interaction of all actors in combating crime in the banking business. Overlapping of their functions and some conflict rules negatively affect ensuring the banking system stability by entities engaged in banking crime counteraction. Therefore, an algorithm of cooperation between relevant counteraction entities should be developed and reflected in the Banking and Financial Security Strategy on the legislative level. Optimization of statistical reporting on crime in the Ukrainian banking sector in a more informative format requires data on both individual types of banking crimes and on the persons who commit them. As part of the work of the National Bank of Ukraine’s Public Council, it is necessary to organize regional public councils and ensure cooperation between bank clients and local banking institutions. It is assumed that the development of effective mechanisms for protecting rights and legitimate interests of depositors and creditors, as well as combating criminalization in the banking sector will be the main functions of these regional public councils. The relevant innovations require amendments to the Regulation on the NBU Public Council. AcknowledgmentThe article was prepared as part of a project for young scientists of Ukraine in 2017 (state registration number – 0117 U 006531), Improving the Legislation of Ukraine Regarding the Protection of Banking Activities in the Context of European Integration: Economic and Legal Aspect, by Alyona M. Klochko, Ph.D. (Law), Sumy National Agrarian University, Head of the Chair of International Relations.
Highlights
Scientific articles and functions of some institutions that ensure stability of the Ukrainian banking system has led to the conclusion about the need to improve the system of combating crime in the Ukrainian banking sector
The imperfect system of combating banking crimes is confirmed by selective statistical indicators of crimes committed in recent years, and the emergence of new types of abuse along with the development of banking technologies
It can be stated that today the system of combating crime in banking in Ukraine does not exist as such
Summary
Effective fight against crime in the banking sec- inary approval of loan conditions, determining a tor involves the creation of an anti-abuse system potential borrower’s solvency and assessing its fithat includes training credit departments on fraud nancial status according to the established methprevention, introducing reliable information and odology, checking balances and other accounttechnological equipment for the bank’s securi- ing documents provided by the client, analysis of ty service, organizing close cooperation between the quality and completeness of the information representatives of the banking sector and law en- provided by a client, economic evaluation of the forcement agencies, and introducing a unified cus- potential borrower’s economic activity Stitutions at the regional levels and define their key tasks, which should be aimed at developing effec-
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