PROCEDURAL AND INSTITUTIONAL ASPECTS OF FINANCIAL SECURITY IN UKRAINE

Abstract

The article analyzes procedural and institutional, regulatory and legal-theoretic problems of ensuring financial security in Ukraine on the basis of the analysis of theoretical achievements of domestic scientists and empirical base. The current state of scientific research in the field of procedural and institutional aspects of financial security of Ukraine has been traced, and our own vision of the system of economic security and system of financial security has been offered. The concept of "financial security" is studied and the necessity of its use generally and properly is substantiated. While characterizing regulatory support of certain elements of the financial security of Ukraine, its shortcomings are pointed out and the adoption of a number of laws and regulations that would contribute to the improvement of the legal control of the specified sphere has been proved. In addition, proposals for amendments to the current legislation have been introduced and need for a number of new regulatory legal acts have been justified. The system of bodies of counteraction to threats to financial security is paid attention to, the necessity of improvement of their work, establishing cooperation, implementation of new forms and methods that would meet the challenges of today is proved. Reform steps in the area of financial security in recent years and attempts to create the National Financial Security Bureau are analyzed. The need for the establishment of the unified, independent from the executive power, government agency to address the issues of financial security, is emphasized. The research has led to the conclusion that the financial security is a major component of national security indispensable in solving any of the challenges facing the state. It is noted that the recent financial security of Ukraine is influenced by a number of external and internal threats: financial crises, geopolitical situation, influence of activities of international organizations, inflationary processes, corruption, instability of the legal system, etc. On this basis, the financial security of Ukraine should be ensured by means of sound state policy in accordance with the established principles, concepts, strategies and programs in the financial sphere, and the establishment of appropriate government agencies.