Regulatory policy and institutional transformation of the banking system of Ukraine in the conditions of digitalization-Reference-Cited by-同舟云学术

Regulatory policy and institutional transformation of the banking system of Ukraine in the conditions of digitalization

Published:2022-12-29 Issue:75 Volume:40 Page:64-78
ISSN:2542-3185
Container-title:Cuestiones Políticas
language:es
Short-container-title:Cuest. Pol.

Author:

Shcherbatykh Denis¹^ORCID,Tseben Ruslan²^ORCID,Valkova Nataliia²^ORCID,Jereleiko Svitlana³^ORCID,Nagorny Pavlo⁴^ORCID

Affiliation:

1. Department of Economics, Finance, Accounting and Audit, Cherkasy Branch of Private Higher Educational Establishments "European University".

2. Department of Accounting, Auditing and Taxation, Khmelnytskyi National University, 11, Instytuts'ka Str., Khmelnytskyi.

3. Department of Finanse, Accounting and Audit, Khmelnytskyi Cooperative Trade and Economic Institute, 3, Kamianetska Str., Khmelnytskyi.

4. Department of Finanse, Accounting and Audit, Khmelnytskyi Cooperative Trade and Economic Institute.

Abstract

The transformation of the banking system is due to modern global trends and digitalization processes, which contribute to increasing the efficiency of the banking system operation and its competitiveness. The object of this study is the analysis of regulatory policy and justification of the foundations of institutional transformation of the banking sector in the conditions of digitalization. The conducted research made it possible to analyze the regulatory policy and establish the rationale for the institutional transformation of the banking sector in the conditions of digitalization in order to increase the efficiency of its activities and competitiveness, which means: putting the banking system on track to merge with the global financial system; transformation of the functioning of the National Bank of Ukraine in the direction of creating economically adaptable functions and, at the same time, implementing behavioral mechanisms of influence on banking institutions; implementation of methods of preventive rehabilitation of troubled banks; increasing the stabilization of the banking system due to strengthening the role of private banks; expansion of the functions of the Deposit Guarantee Fund of individuals, and; implementation of digital technologies in the activities of banking sector entities.

Publisher

Universidad del Zulia

Subject

General Economics, Econometrics and Finance

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