scholarly journals WORLD EXPERIENCE OF INSTITUTIONALIZATION OF INNOVATIVE PROCESS MANAGEMENT IN THE BANKING SYSTEM

2020 ◽  
Author(s):  
Svitlana Naumenkova ◽  
◽  
Svitlana Mishchenko ◽  
Dmytro Dorofeiev ◽  
◽  
...  
Keyword(s):  
Financial Services ◽  
Process Management ◽  
Banking Sector ◽  
Banking System ◽  
Financial Innovations ◽  
Blockchain Technology ◽  
Regulation And Supervision ◽  
The World ◽  
Domestic Banks ◽  
Innovation Processes

Peculiarities of formation and improvement of institutional bases and principals of management, regulation and supervision of innovation processes by state regulators of financial markets and international financial organizations in the banking sector of the leading countries of the world are investigated. The role, main tasks and functions and principals of supranational and national regulators in the field of regulatory, managerial, organizational, informational, technological and financial innovations in the financial services market of the leading countries of the world are determined. The peculiarities of interaction of national regulators with international financial organizations in the field of regulation and supervision of the financial services market, introduction of innovations and ensuring innovative development of the banking sector based on the use of fintech technologies are described. The main functions, tasks and principals of regulation, supervision and management of implementation and use of regulatory, managerial, organizational, informational and financial innovations in the activity of domestic banks are determined. The main problems that hinder the use of innovations in the banking sector of Ukraine at the present stage of financial system are described. It is analyzed and proposed the basic directions of solving the existing problems and perspective forms of regulatory, administrative, organizational, technological, information and financial innovations of the leading countries of the world which can be used by National bank of Ukraine in the course of regulation and supervision of activity of domestic banks in financial services market in the conditions of digitalization of the economy. In order to reduce the level of innovation risks and cyber threats, the expediency of financial institutions of Ukraine to use a new form of an organizational structure for managing innovation processes, based on the use of blockchain technology and decentralization of mechanisms of organization and management through active use of distributed registers and cloud technologies.

scholarly journals FINTEH IN THE FINANCIAL SYSTEM OF INCLUSIVENESS

2018 ◽  
pp. 100-120 ◽  
Author(s):  
Bohdan LUTSIV
Keyword(s):  
Economic Development ◽  
Financial Services ◽  
Banking Sector ◽  
Banking System ◽  
Inclusive Development ◽  
Social Orientation ◽  
Inclusive Growth ◽  
Market Demand ◽  
The World ◽  
The Impact

Introduction. The middle of 2000 years witness the shift in traditional economic development models to the concept of inclusive growth. The significant stratification of society and the growth of the share of the poor population due to financial and economic crises are the prerequisites for changing the paradigm of economic development of countries. According to the index of inclusive economic development (IDI) of 2018, published on the website of the World Economic Forum, Ukraine ranks 43rd among 74 developing countries. The introduction of the latest financial technologies in the banking system in recent years has significantly improved the qualitative characteristics of financial inclusiveness. The financial services market has radically changed. The boom of Finteh-startups is supported by smartphone population and penetration into all spheres of society of the fast Internet society. The purposeof the article is to assess the impact of financial technologies on the inclusive development of Ukraine in terms of banking sector cooperation with startup companies on the financial services market. Results. Concepts on the further development of the world economy in the long-term perspective are considered. Based on the analysis of modern economic literature, key points of inclusive growth are identified. In this context, the focus of the study is on financial inclusiveness. The emphasis is on strengthening the financial inclusiveness of the population in the adopted Strategy of the NBU by 2020. The most current trends of FinTeh in the world are described and the factors of development of FinTeh in Ukraine are analyzed. The given feature is the latest types of Finteh start-ups, challenges for the development of the FinTeh-market in Ukraine. Conclusions. The development of scientific thought and understanding of the transformation of social processes led to the transition from the concept of economism growth to the concept of inclusive development. The concept of inclusive development of the country is only part of the scientific discourse. Financial inclusiveness has not only financial but also social orientation. In Ukraine, FinTeh is in its infancy, the development of which is supported by a variety of initiatives and activities of the NBU. Given the current market demand, FinTeh solutions that are focused on financial inclusiveness and the mass market have the greatest potential for growth.

scholarly journals Capitalization of banks: theory, practice and directions of ensuring

2018 ◽  
Vol 13 (1) ◽  
pp. 173-183
Author(s):  
Mark Myronenko ◽  
Olena Polova ◽  
Olha Khaietska ◽  
Natalia Koval
Keyword(s):  
Banking Sector ◽  
Banking System ◽  
System Stability ◽  
The World ◽  
Banking Institutions ◽  
Key Issues ◽  
Recent Financial Crisis ◽  
Domestic Banks ◽  
Banking Institution ◽  
The Impact

In the article, the essence of the concept of a banking institution “capitalization” is revealed. The current state of capitalization level of domestic banks is investigated. The directions of strengthening the capitalization are offered, which will increase the com¬petitiveness of domestic banking institutions in the world financial market and will ensure the national economy stability on the way toward integration into the world economy.It is proved that the prospects for the development of any bank are largely determined by its capitalization level. Lack of proper development inhibits both individual banks and the banking sector as a whole.In the context of the recent financial crisis, the provision of sufficient capital for banks has been one of the key issues, because the lack of capital was the greatest threat to the banking system stability. With this in mind, the issue of the banking system capitaliza¬tion is particularly topical.Today, the development of the Ukrainian banking system under economic instability has faced the increase in competitiveness of domestic banks compared with foreign ones, in order to preserve the national priorities of the banking system in general under conditions of foreign capital movement.The processes of concentration in the banking system of Ukraine are analyzed using Herfindahl-Hirschman index in terms of assets and equity, allowing to estimate the level of monopolization and, therefore, the impact on economic development. To con¬sider the increase in the level of capitalization and reliability of the banking institutions of Ukraine, it would be advisable, first of all, for banks to improve the quality of capital and to ensure a sufficient level of coverage of risks taken by banks.

scholarly journals COMPETITION OF TRANSNATIONAL BANKS: MAIN TRENDS AND WAYS OF DEVELOPMENT

2021 ◽  
pp. 151-157
Author(s):  
Надежда Константиновна Савельева ◽  
Татьяна Алексеевна Тимкина
Keyword(s):  
Commercial Banks ◽  
Banking Sector ◽  
Banking System ◽  
Competitive Advantages ◽  
International Banking ◽  
Statistical Research ◽  
Cross Border ◽  
The World ◽  
Financial Transactions ◽  
Level Analysis

Статья посвящена проблемам сохранения конкурентных преимуществ коммерческих банков для осуществления финансовых операций на трансграничных рынках. Целью исследования является анализ основных тенденций развития деятельности транснациональных банков в условиях глобализации. Объектом исследования являются мировые лидеры международной банковской сферы. Научная новизна заключается в разработке основных направлений развития банковской системы на международном уровне, результатах анализа опыта лидирующих транснациональных банковских компаний в условиях пандемии The article is devoted to the problems of maintaining the competitive advantages of commercial banks for the implementation of financial transactions in cross-border markets. The aim of the study is to analyze the main trends in the development of the work of transnational banks in the context of globalization. The object of research is the world leaders of the international banking sector. In the process of research, the authors have analyzed theoretical and practical material used in general methods of scientific knowledge and statistical research. Scientific novelty lies in the development of the main directions for the development of the banking system at the international level, analysis of the experience of leading transnational banking companies in the context of a pandemic.

MODERN TRENDS IN THE DEVELOPMENT OF THE GLOBAL BANKING SECTOR

2021 ◽  
Vol 2 (11) ◽  
pp. 143-149
Author(s):  
Natalia Yu. Lebedeva ◽  
◽  
Kheda M. Musayeva ◽  
Georgy O. Berkaev ◽  
◽  
...  
Keyword(s):  
Information Technologies ◽  
Banking Sector ◽  
Banking System ◽  
Digital Transformation ◽  
Financial Products ◽  
Global Banking ◽  
The World ◽  
The Creation ◽  
Widespread Dissemination

The article is devoted to the development of the global banking sector in the context of the digital transformation of the economy, the introduction of platform solutions and the creation of ecosystems that provide the client with a range of financial and non-financial products and services. The author highlights the trends and directions of development of the banking sector, among which many researchers and econo-mists note the presence of facts that are directly related to the conditions of modern social and state develop-ment. A set of trends in the development of the world banking system is proposed, which is directly related to the processes of digitalization of society and the widespread dissemination of information technologies.

Part IV Regulatory and Other Developments in the UK 2010‒2016, 14 Financial Services (Banking Reform) Act 2013

2018 ◽  
Author(s):  
Mccormick Roger ◽  
Stears Chris
Keyword(s):  
Financial Services ◽  
Small Businesses ◽  
Banking Sector ◽  
Banking Industry ◽  
Banking System ◽  
Structural Reform ◽  
Professional Standards ◽  
Banking Reform ◽  
The Uk ◽  
Independent Commission

This chapter charts the passage of the Financial Services (Banking Reform) Act 2013. The Banking Reform Act was enacted in December 2013 and comprises of 8 parts and 10 schedules. The Act was intended to deliver on the government’s plan to create a more robust, better regulated and managed banking system, that supports the economy, customers and small businesses. The Banking Reform Act implemented the recommendations of the Independent Commission on Banking (on banking-sector structural reform) and the key recommendations of the Parliamentary Commission on Banking Standards (on behaviour, culture, and professional standards within the banking industry). The Act amended the FSMA, the Insolvency Act 1986, and the Banking Act 2009. It also provided the legislative platform for an enhanced accountability regime within financial services.

Banking regulation and supervision: lessons from the czech republic

1998 ◽  
Vol 7 (1) ◽  
Author(s):  
Roman Matoušek
Keyword(s):  
Banking Sector ◽  
Banking System ◽  
Present Situation ◽  
Banking Regulation ◽  
Banking Supervision ◽  
The Czech Republic ◽  
Regulation And Supervision ◽  
Banking Regulation And Supervision ◽  
Remarkable Progress ◽  
Made In

We have concentrated on the current issues linked to the goals of banking regulation and supervision. Attention has been focused mainly on the problem of entry into and exit form the banking sector and the institutional framework banking supervision as a whole. Although we are aware that the present situation in emerging markets is far from that of standard economies, we argue that remarkable progress has been made in creating an appropriate banking system since the beginning of the 1996.

The Analysis of Current Status and Trend of Business Wear in Commercial Banking System

2011 ◽  
Vol 332-334 ◽  
pp. 1572-1576
Author(s):  
Wen Wang
Keyword(s):  
Banking System ◽  
Commercial Banking ◽  
Foreign Banks ◽  
Current Status ◽  
Potential Consumer ◽  
The World ◽  
Domestic Banks ◽  
Direct Reflection

China is the world's largest producer of business wear, and it is also the world's largest potential consumer of business wear. Business wear as sign and image symbol, which is the direct reflection of an industry (corporate) overall strength. With the entry of foreign banks, domestic banks in our country have an unprecedented impact. They are facing many challenges as well as many opportunities. Business wear in China's banking system will have a new attitude in front of the world.

scholarly journals Navigating the financial crisis in Helvetic Waters: An analysis of the banking sector (2007-09)

2011 ◽  
Vol 1 (2) ◽  
pp. 65-78
Author(s):  
Elisabeth Paulet ◽  
Francesc Relano
Keyword(s):  
Financial Crisis ◽  
Business Model ◽  
Financial Institutions ◽  
Banking Sector ◽  
Balance Sheet ◽  
Banking System ◽  
Characteristic Structure ◽  
International Banks ◽  
Business Approach ◽  
Domestic Banks

As has been argued throughout this paper, the different way in which banks have been affected by the crisis is closely linked to their distinct business model. Consequently, the characteristic structure of the balance sheet in big banks and ethical banks is correlated with their divergent dynamic during the crisis. While the financial turmoil has left the business approach of ethical banks unchanged, as evidenced in the striking stability of their balance sheet from 2007 to 2009, the pattern shown by big banks has substantially changed over this same period. These developments would tend to suggest the need to reform the business model of big banks. There is no clear empirical evidence that a banking system with a large number of small institutions would be any more stable than the system as it currently stands. Besides, financing certain big projects would always require the existence of large international banks. Both types of financial institutions are in fact complementary. How to regulate the banking and financial sector is thus a complex and multifaceted issue. One cannot impose the same requirements on big international-oriented banks and small domestic banks. As this paper has tried to demonstrate, both have a distinct business model.

scholarly journals A Comparison between Islamic Banking and Conventional Banking Sector in Pakistan

2012 ◽  
Vol 4 (4) ◽  
pp. 195-204 ◽  
Author(s):  
Abdul Hafeez Quresh ◽  
Kashif Ur Rehman .
Keyword(s):  
Banking Sector ◽  
Banking System ◽  
Islamic Banking ◽  
Test Tool ◽  
Financial Benefits ◽  
The World ◽  
Banking Structure ◽  
And Performance ◽  
Conventional Banks ◽  
Marketing Approach

The Islamic banking system is attaining enormous development. Several modern international conventional banks were also enchanting significant concern and starting Islamic banking branches in their organizations, which work in compliance with the specific Islamic Shariah principles in a number of states of Pakistan. The Islamic banking structure is bizarrely facing gigantic contest by the Islamic banking sector all over the world as well as from the well-known International commercial banks that hold out services and products of IB. It is an attempt for exploration and investigation of the extensive and essential factors, which persuade consumers to choose the Islamic banking or conventional banking and the function of demographic features, which track consumers to the assortment of IB or CB in Pakistan. Sample of 341 respondents has been used in this study mainly focused on non-probability convenience test tool. Pre-institute 5 point likert survey instrument ranging from 5 to 1 was applied to gather data. The conclusion reveals that there are countless factors other than religious perception like employee and customer interactions, convenience, reputation, financial benefits & services, and technology, which are fundamental for the consumers for the assortment of Islamic or conventional banking. The demographic characteristics of the respondents also have a significant impact. The authors expect that the crux of this study will explore new ways for the Islamic banking system to emphasis on specific emerging factors to enhance the efficiency and performance of the Islamic banking system in Pakistan. There will be enormous advantage for executives of IBs & CBs in developing marketing approach.

scholarly journals РЕГУЛЮВАННЯ ДІЯЛЬНОСТІ БАНКІВСЬКОГО СЕКТОРА У КОНТЕКСТІ ЗАБЕЗПЕЧЕННЯ ЙОГО ЕКОНОМІЧНОЇ БЕЗПЕКИ

2020 ◽  
pp. 91-98
Author(s):  
Плукар Л.А.
Keyword(s):  
Financial Stability ◽  
Banking Sector ◽  
Banking System ◽  
Banking Regulation ◽  
Economic Security ◽  
State Regulation ◽  
Crisis Prevention ◽  
Regulation And Supervision ◽  
Systemic Risks ◽  
National Banking System

The article substantiates the need to regulate the banking sector to ensure economic security of its operation. The main tasks of state regulation and supervision of the banking sector have been identified. The types of existing models of the institutional structure of the system of banking regulation and distribution of powers between prudential supervisors are revealed. Requirements for the development of a model of regulatory policy in the banking sector of Ukraine have been formed. The necessity of creating early crisis prevention systems (macroeconomic, based on warning indicators), monitoring of systemic financial institutions, application of macroprudential analysis with regular publication of a strategic document - the Financial Stability Report. The foreign experience of macroprudential regulation and supervision with the help of established specialized divisions of central banks on financial stability and security is reflected. The creation of a separate unit of financial stability and security in Ukraine was initiated, reporting directly to the Chairman of the NBU. The scheme of correlation of subjects of management and tools of maintenance of economic safety of national banking system with separation of subjects of management of economic safety of banking sector, tools of maintenance of economic safety of banking sector at the international and national levels of banking supervision is developed. The implementation of the principles of the Basel Accords in the activity of the banking system of Ukraine is determined as a determining factor in strengthening its financial stability and economic security. The issue of trust in the banking system is one of the main criteria for success, efficiency and security of the banking sector of the economy of each state. The need for monitoring and management of systemic risks has been proved.

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