scholarly journals Institutional formation of the market for debt settlement of consumers of financial services of credit institutions in Ukraine

2019 ◽  
pp. 123-131
Author(s):  
Myroslava Khutorna
Keyword(s):  
Financial Services ◽  
Financial Stability ◽  
Poor Quality ◽  
Bank Loans ◽  
Debt Management ◽  
Barriers To Entry ◽  
Institutional Formation ◽  
Wide Range ◽  
Credit Institutions

Purpose. The aim of the article is substantiation of the content of institutional measures, the implementation of which will improve the quality of assets of credit institutions of Ukraine. Methodology of research. The methodological basis of the research is formed on the basis of an institutional approach to substantiate the institutional preconditions for the functioning of the market for debt settlement of consumers of financial services of credit institutions; systematization to identify constraints and incentives for the effective use of various ways to solve the problem of non-performing bank loans; a statistical and analytical approach to quantify the level of quality of the current state of settlement of problem debt by different groups of banks in Ukraine; methods of scientific abstraction and logical generalization to describe the organizational and economic features of the formation of the market for debt settlement of consumers of financial services of different types of credit institutions of Ukraine. Findings. It is substantiated that ensuring the financial stability of credit institutions of Ukraine requires the development of a transparent market for debt settlement of consumers of financial services of credit institutions. The organizational-economic and institutional peculiarities of the formation of such a market are determined by detailing the following parameters: the legal basis of the activity of market participants; organizational form and institutional subordination of the debt management entities; administrative barriers to entry; the competitive conditions of activity of the entities for debt management and regulation of their relations with related parties; requirements for the personnel of debt management entities; the content of instruments to reduce the risks of their activities and to stimulate an increase in the volume of debt settlement of consumers of financial services of credit institutions; ways to organize debt sales; fiscal stimulus. It is proved that the most appropriate way to settle non-performing loans of state-owned banks is to involve the Deposit Guarantee Fund in this activity. This is explained by: the existence of an established mechanism for settlement of non-performing assets of liquidated banks; a well-functioning non-performing credit infrastructure that operates on the basis of transparency, uniformity of rules and public accountability; long experience of selling non-performing bank loans, including loans to related parties and corporate loans with poor quality or lack of collateral; a mechanism for independent economic investigations has been established; highly qualified specialists; no additional taxpayer spending. Originality. The institutional framework for the development of the debt management market for consumers of financial institutions of credit institutions has been improved, which, unlike the existing one, includes: substantiation of the organizational and legal framework of the activity of the debt management entity; identifying instruments for harmonizing the process of debt management from a wide range of stakeholders; disclosure of institutional and organizational features and institutional prerequisites for effective resolution of problematic debt of state-owned banks. This will help to improve the quality of consumer protection and their confidence in the monetary intermediation institution; will encourage credit institutions to improve the valuation of the market value of financial assets, including by enhancing liaison with credit bureaus. Practical value. The main provisions and conclusions of the conducted study are brought to the level of practical recommendations, take into account the current legislation and its prospective changes, and can be effectively used to solve the problems related to debt management of consumers of financial services of credit institutions in the domestic credit segment of the financial sector. Key words: credit institutions; state banks; non-performing loans; debt settlement market; debt settlement companies; institutional interaction of the entities of the debt settlement market; financial stability.

St. Petersburg Summit of the «Group of Twenty»

2014 ◽  
pp. 15-25
Author(s):  
D. Smyslov
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Financial Stability ◽  
Management Practices ◽  
Emerging Market ◽  
Action Plan ◽  
Tax Avoidance ◽  
Financial Education ◽  
Debt Management ◽  
Wide Range

«The Group of Twenty» is an informal forum for international cooperation between the leading developed states, the largest developing countries and emerging market economies. The article explores the key strategic approaches and governance decisions related to the main directions of international macroeconomic and financial regulation elaborated during the Russian chairmanship in the G-20 (December 2012 – December 2013) which culminated in the St. Petersburg summit. The author makes attempt to estimate viability of discussed approaches and decisions against the background of the actual problems of global economy. The author pays special attention to the St. Petersburg summit’s approaches to the problems of providing favorable conditions for strong and sustainable economic growth and of addressing unemployment. The point is how to achieve an acceptable compromise between the purposes of fiscal and monetary policies, on the one part, and providing balanced state budgets, as well as price stability, on the other part. Also, the importance of a wide range of radical structural reforms is stressed. The author argues that Russia proposed to vital themes to discuss at G-20 summit: long-term financing for investment as a foundation for economic growth and improvement of public debt management practices. The article describes the principal provisions of the Declaration and the Action plan related to various aspects of the reconstruction of financial and monetary system, including: tackling tax avoidance; implementing the Basel-3 standards, dealing with the adequacy of the bank’s capital; ending «too big to fail» problem; reforming over-the-counter (OTC) derivatives market; reducing reliance on the credit rating agencies; addressing potential risks for financial stability posed by the shadow banking; increasing financial inclusion, financial education and strengthening financial consumer protection; eliminating the international misbalances through broad based rebalancing of global demand; resisting of all forms of protectionism and promoting liberalization of global trade and investment; moving towards exchange rate flexibility to avoid persistent exchange rate misalignment; transforming the International Monetary Fund and Financial Stability Board. The author points to significant achievements of G-20 as a coordinating body for economic crisis management and, at the same time, discloses obstacles complicating its activities and development.

scholarly journals Determination of prioritization for maintenance of the upper structure of truss bridge

2019 ◽  
Vol 276 ◽  
pp. 01036 ◽  
Author(s):  
Heni Fitriani ◽  
M. Ade Surya Pratama ◽  
Yakni Idris ◽  
Gunawan Tanzil
Keyword(s):  
Poor Quality ◽  
Truss Bridges ◽  
Vehicle Load ◽  
Bridge Maintenance ◽  
Wide Range ◽  
Maintenance Systems ◽  
Truss Bridge ◽  
Hierarchy Process

Bridge maintenance is one of the major issues of infrastructure problems. Deterioration of a bridge’s structure will continuously increase without proper maintenance. This condition will adversely affect the service life of a bridge. Moreover, the damage will also have a direct impact on structural and functional failure of the bridge. This paper aims at identifying the damages of truss bridges and determining the most significant criteria and sub-criteria used in prioritizing bridge maintenance. Analytical Hierarchy Process (AHP) was used to assess the most important criteria that give significant weight to bridge maintenance analysis. The objects of research were nine truss bridges with a wide range of types and levels of damage. It was found that there were approximately 900 m' of components damaged at the railing of Baruga Bridge and 227 m' truss damages due to poor quality of the galvanized paint. Furthermore, based on the analysis, the most significant criteria were the level of damage (27.6%), the technical aspects (25.7%), the finance (21%), the vehicle load (13.6%) and the resources (12%). The results of this research showed important findings in determining the priority scales for bridge repair and maintenance systems.

Gulf Cooperation Council (GCC)—Oil Prices, Financial Stability, and the Use of Countercyclical Macroprudential Policies in the GCC

Policy Papers ◽  
2015 ◽  
Vol 15 (62) ◽  
Author(s):  
Keyword(s):  
Financial Services ◽  
Financial Stability ◽  
Global Financial Crisis ◽  
Financial Sector ◽  
Oil Price ◽  
Loan Loss ◽  
Financial Cycle ◽  
Macroprudential Policies ◽  
Systemic Risks ◽  
Wide Range

Economic and financial developments in the GCC economies are interwoven with oil price movements. GCC economies are highly dependent on oil and gas exports. Oil price upturns lead to higher oil revenues, stronger fiscal and external positions, and higher government spending. This boosts corporate profitability and equity prices and strengthens bank balance sheets, but can also lead to the buildup of systemic vulnerabilities in the financial sector. Banks in the GCC are well-capitalized, liquid, and profitable at present, and well-positioned to manage structural systemic risks. However, oil-macro-financial linkages mean that asset quality and liquidity in the financial system may deteriorate in a low oil price environment and financial sector stress may emerge. The scope for amplification of oil price shocks through the financial sector suggests a role for a countercyclical approach to macroprudential policies. Countercyclical macroprudential policy can prove useful to reduce the buildup of systemic risks in the financial sector during upswings, and to cushion against disruption to financial services during periods of financial sector stress. The GCC countries have considerable experience with implementing a wide range of macroprudential policies, but these policies have not generally been adjusted through the cycle. GCC central banks implemented several macroprudential measures before the global financial crisis and have continued to enhance their macroprudential frameworks and toolkits to limit systemic financial sector risks. Although there is some evidence of macroprudential tools being adjusted in a countercyclical way, most of the tools have not been adjusted over the financial cycle. Further enhancements to the GCC macroprudential framework are needed to support the countercyclical use of these policies. A comprehensive and established framework, supported by strong institutional capacity, is essential for countercyclical macroprudential policies. This framework should provide clear assignment of responsibilities and guidance on how policies will be implemented to maintain financial stability and manage systemic risks over the financial cycle. Addressing data gaps and the further development of reliable early warning indicators in signaling potential systemic stress are needed to help guide the countercyclical use of a broad set of macroprudential policies. Expanding the countercyclical policy toolkit and its coverage can help address emerging financial sector risks. The implementation of countercyclical capital buffers and dynamic loan loss provisions could boost resilience in line with systemic risks faced in GCC economies. At the same time, using existing macroprudential policies countercyclically would prove useful to address emerging financial sector risks in a more targeted way. Expanding the coverage of macroprudential tools to nonbanks can help boost effectiveness by reducing leakages.

scholarly journals Drivers’ Growth of Islamic Banking Industry: Lesson from Malaysia

2014 ◽  
Vol 1 (4) ◽  
pp. 122-128
Author(s):  
Yagoub Elryah
Keyword(s):  
Financial Services ◽  
Financial Stability ◽  
Banking Industry ◽  
Foreign Banks ◽  
Islamic Banking ◽  
Master Plan ◽  
Policy Makers ◽  
Innovative Products ◽  
The Government

Numerous studies focus on the Islamic banking performance, banks’ growth. There are, however, very little is known about the drivers’ growth of Islamic banking. The paper attempted to fill this gap. To achieve the objectives of the study, we consider government financial strategies for Islamic banking in Malaysia (Master Plan financial services 2000-2010 and Blueprint financial sector plan 2011-2020) and interviews the policy makers and regulators from BNM and selected banks. In this context, we explored the drivers’ growth Islamic banking industry in Malaysia for the period 2002-2012. The findings of the study revealed that the government strategies, high skilled banker’s human resources, financial stability, foreign banks, innovative products, awareness of the customers and quality of the financial and regulatory reforms were main drivers’ growth of Islamic banking in Malaysia. DOI: http://dx.doi.org/10.3126/ijssm.v1i4.10626 Int. J. Soc. Sci. Manage. Vol-1, issue-4: 122-128 

Cannabinoids for Symptom Management in Patients with Kidney Failure

2022 ◽  
pp. CJN.11560821
Author(s):  
Hayley Worth ◽  
Daniel O'Hara ◽  
Neeru Agarwal ◽  
David Collister ◽  
Frank Brennan ◽  
...  
Keyword(s):  
Kidney Failure ◽  
Cannabinoid Receptors ◽  
Treatment Options ◽  
Symptom Relief ◽  
Symptom Burden ◽  
Poor Quality ◽  
The Body ◽  
Wide Range ◽  
New Treatment

People with kidney failure can experience a range of symptoms that lead to suffering and poor quality of life. Available therapies are limited, and evidence for new treatment options is sparse, often resulting in incomplete relief of symptoms. There is growing interest in the potential for cannabinoids, including cannabidiol and tetrahydrocannabinol, to treat symptoms across a wide range of chronic diseases. As legal prohibitions are withdrawn or minimized in many jurisdictions, patients are increasingly able to access these agents. Cannabinoid receptors, CB1 and CB2, are widely expressed in the body, including within the nervous and immune systems, and exogenous cannabinoids can have anxiolytic, anti-emetic, analgesic and anti-inflammatory effects. Considering their known physiological actions and successful studies in other patient populations, cannabinoids may be viewed as potential therapies for a variety of common symptoms affecting those with kidney failure, including pruritus, nausea, insomnia, chronic neuropathic pain, anorexia, and restless legs syndrome. In this review, we summarize the pharmacology and pharmacokinetics of cannabinoids, along with what is known about the use of cannabinoids for symptom relief in those with kidney disease, and the evidence available concerning their role in management of common symptoms. Presently, while these agents show varying efficacy with a reasonable safety profile in other patient populations, evidence-based prescribing of cannabinoids for people with symptomatic kidney failure is not possible. Given the symptom burden experienced by individuals with kidney failure, there is an urgent need to understand the tolerability and safety of these agents in this population, which must ultimately be followed by robust, randomized controlled trials to determine if they are effective for symptom relief.

Analysis of financial stability of the Bank

2018 ◽  
Author(s):  
Елена Герасимова ◽  
YElyena Gyerasimova
Keyword(s):  
Graduate Students ◽  
Commercial Bank ◽  
Management System ◽  
Financial Stability ◽  
Analysis And Evaluation ◽  
Financial Condition ◽  
Banking Activity ◽  
Wide Range ◽  
Independent Decision

The textbook is intended for students enrolled in the direction 38.03.04 "Finance and credit" master's degree. The textbook comprehensively describes the main aspects that characterize the financial condition of a modern commercial Bank and its stability. The application of methodological tools for analysis and evaluation of the most important components of banking activity (quality of management system, equity, assets, attracted resources, liquidity, profitability, risks) is considered. The practical part of the manual includes cases, examples of solving situational problems and tasks for independent decision, as well as self-training. The materials have been prepared in accordance with the relevant regulations and legal acts regulating banking activities (as of 01.06.2018). The book may also be of interest to specialists in the field of analysis of commercial and credit organizations, students and graduate students studying in economic specialties, a wide range of readers interested in the problems of analysis of economic entities.

scholarly journals ANALYSIS OF NON-BANK FINANCIAL INSTITUTIONS ACTIVITY AS PARTICIPANTS OF MODERN FINANCIAL SERVICES MARKET

2018 ◽  
pp. 88-94 ◽  
Author(s):  
Liudmyla Didenko ◽  
Inna Kobzar ◽  
Iryna Khanaliieva
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Banking System ◽  
Foreign Banks ◽  
Stable Operation ◽  
Credit System ◽  
Pension Insurance ◽  
Wide Range ◽  
State Pension ◽  
Credit Institutions

Banking system, that is, the National Bank of Ukraine, other banks and branches of foreign banks operating in the country, is the basis of the Ukrainian credit system. However, non-bank financial and credit institutions play an important role in the financial services market. Today they provide quite a wide range of services and thus become serious competitors for banks. Therefore, the study of the peculiarities of the activities of non-bank financial and credit institutions and their role in the economic growth of the state is an urgent problem for investigation. The article assesses the activities of the main non-bank financial institutions. The main indicators of the effectiveness of non-banking financial institutions in the context of the main segments of the modern financial services market are analysed. The problems that impede the development of the insurance services market, the non-state pension insurance market and the Lombard loan market are identified. It is concluded that it is an urgent necessary to solve the system problems in the financial services market in order to ensure its effective and stable operation in the future.

scholarly journals The UK’s Government and Regulatory Policy Responses to Fintech

2021 ◽  
Vol 65 (2) ◽  
pp. 45-52
Author(s):  
I. Podkolzina
Keyword(s):  
Financial Services ◽  
Financial Stability ◽  
Barriers To Entry ◽  
Services Sector ◽  
Regulatory Authorities ◽  
Trade Offs ◽  
Financial Exclusion ◽  
Systemic Risks ◽  
Leading Position ◽  
The Uk

The financial landscape is being transformed by technological innovations. This trend can be observed clearly in the UK where fintech is developing within the context of the ongoing digitalization of the economy. This paper examines the role of the British government and regulatory authorities in sparking innovation to improve the way financial services are provided. At the conceptual level, fintech-specific policy presumes the existence of complex trade-offs between competition, market integrity, and financial stability. The special consideration is given to Open Banking initiative as a key driver of competition in financial services sector. By removing barriers to entry and grow for fintech firms the policy enablers try to solve the longstanding problems of financial exclusion. Particular attention is paid to key approaches to fintech regulation. The Financial Conduct Authority undertakes the constant review of regulatory perimeter as a means of mitigating risks to market integrity and ensuring consumer protection. The Bank of England is rethinking the notion of financial stability and reviewing the approaches to managing systemic risks. The paper regards the initiatives implemented by regulatory authorities to support innovator businesses as a way to ensure the world leading position of the UK’s financial sector. It is argued that the supportive government policy and progressive regulation are the overriding factors of fintech development in the UK.

scholarly journals Book review: “It Starts with the Egg” by Rebecca Fett

2019 ◽  
Vol 13 (3) ◽  
pp. 255-260
Author(s):  
A. D. Makatsariya
Keyword(s):  
Polycystic Ovary ◽  
Recurrent Miscarriage ◽  
Action Plan ◽  
Reproductive Function ◽  
Poor Quality ◽  
Vitro Fertilization ◽  
Wide Range ◽  
Based Medicine

The licensed edition of Rebecca Fett's book, “It Starts with the Egg” has been published in Russian. Given its medical contents, it seems important to evaluate the information contained in the book from the perspective of a practicing obstetrician-gynecologist, focusing on the problem of miscarriage and pregravid preparation. Importantly, the book is based on evidence-based medicine: although the book is intended for a wide scope of readers, it contains a list of primary references similarly to that in peer-reviewed journals.The author analyzed and summarized the data from over 60 scientific articles. Although based on primary academic sources, the author used a simple and understandable language to explain the complex pathogenesis of infertility and the manipulations used in the assisted reproductive technology (ART).The book consists of 3 parts; each of them contains several chapters reviewing the causes of reproductive disorders and the ways to correct them. The first part addresses the reasons for poor quality of women’s eggs. The second part describes nutraceuticals and dietary supplements that can improve the quality of eggs. The third part of the book examines the diet, which helps improve this quality. A step-by-step action plan for improving reproductive function is also presented. The basic plan is suitable for those who are just thinking about pregnancy and those who have no reason to expect any difficulties, as well as for couples who have been struggling with infertility for several years. The mid-level plan is intended for those who already have some concerns about conceiving, but are not yet aware of personal problems with their reproductive function, as well as for women with polycystic ovary syndrome (PCOS) or irregular ovulation. The plan for those having serious problems is intended for women with recurrent miscarriage, as well as for couples with a decrease in the ovarian reserve who are trying to get pregnant using in vitro fertilization (IVF).Despite some remarks regarding the role of vitamin D and magnesium in pregravid preparation, the book contains a large number of useful and balanced recommendations that can improve the woman’s health and increase her chances to get pregnant and give birth to a healthy baby. Therefore, the book can be recommended for a wide range of readers.

Revised Guidelines for Public Debt Management

Policy Papers ◽  
2014 ◽  
Vol 2014 (2) ◽  
Author(s):  
Keyword(s):  
World Bank ◽  
Public Debt ◽  
Financial Stability ◽  
Debt Management ◽  
Regulatory Changes ◽  
International Financial Architecture ◽  
Wide Range ◽  
Institutional Structures ◽  
Public Debt Management ◽  
Recent Financial Crisis

The Guidelines for Public Debt Management (Guidelines) have been developed as part of a broader work program undertaken by the IMF and the World Bank to strengthen the international financial architecture, promote policies and practices that contribute to financial stability and transparency, and reduce countries’ external vulnerabilities. In developing the Guidelines, IMF and World Bank staffs worked in close collaboration with debt management entities from a broad group of IMF-World Bank member countries and international institutions in a comprehensive outreach process. The debt managers’ insights, which this process brought to the Guidelines, have enabled the enunciation of broadly applicable principles, as well as institutional and operational foundations, that have relevance for members with a wide range of institutional structures and at different stages of development. The revision of the Guidelines was requested by the G-20 Finance Ministers and Central Bank Governors, at their meeting in Moscow, on February 15–16, 2013. Since their adoption in 2001, and amendments in 2003, financial sector regulatory changes and macroeconomic policy developments, especially in response to the recent financial crisis, have significantly affected the general financial landscape. As a consequence, many countries have experienced significant shifts in their debt portfolios, in terms of both size and composition. Accordingly, the Guidelines were reviewed and revised to reflect the evolving public debt management challenges over the last decade

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