Maksym Babenko
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The influence of financial technologies on the global financial system stability
Galyna Azarenkova , Iryna Shkodina , Borys Samorodov , Maksym Babenko , Iryna Onishchenko doi: http://dx.doi.org/10.21511/imfi.15(4).2018.19Investment Management and Financial Innovations Volume 15, 2018 Issue #4 pp. 229-238
Views: 2481 Downloads: 1017 TO CITE АНОТАЦІЯThe analysis of the financial technologies introduction has proved that their application over-complicates the institutional structure of the global financial system. As a result, usual functional relationships cease to operate, new institutes and interdependencies appear, and systemic risks increase. In this context, the system instability increases, resulting in a transition to a new institutional status. The analysis of the financial technologies impact on the stability of financial system shows that the lack of institutional support for new financial technologies is the most important catalyst for the financial industry destabilization and the formation of financial bubbles in various market segments.
The ways to reduce the negative impact of financial technologies on the financial system stability (such as development of international prudential standards; revision of the licensing regime for financial companies; “regulatory sandboxes”, which test new technologies, business models and algorithms underlying the Fintech innovations; legal regulation of ownership of digital tokens; and clear definition of the blockchain technology in various areas of life, etc.) have been proposed. -
Financial stability management in banks: strategy maps
Borys Samorodov , Galyna Azarenkova , Olena Golovko , Kateryna Oryekhova , Maksym Babenko doi: http://dx.doi.org/10.21511/bbs.14(4).2019.02Banks and Bank Systems Volume 14, 2019 Issue #4 pp. 10-21
Views: 1201 Downloads: 206 TO CITE АНОТАЦІЯTo prevent crises in the economy, it is necessary to ensure the financial stability of banks, which is one of the main tasks facing the banking system.
The purpose of this article is to develop tools for improving the efficiency of financial stability management in a bank based on strategy maps.
Using UkrSibbank (Ukraine) as an example, two strategy maps are developed: a general management map and a local map – for the international payments division of the operational payments department. Structural elements of the designed strategy maps are: finances, clients, internal processes, training and development.
Implementing the developed general strategy map in the bank’s practical activities involves the following measures: increasing financial stability; avoiding credit risk and optimizing the credit process; increase in profit; cost reduction; introducing new banking products; increase in the number of satisfied consumers; involvement and retention strategic clients.
The developed strategy map for the international payments division of the operational payments department provides for the following measures: ensuring sufficient liquidity level of the bank’s balance sheet; introducing an effective system of analysis of origin of individuals’ and legal entities’ funds; direct correlation between employees of the international payments division and bank customers; timely informing customers regarding requirements updated. -
Operational control over the financial stability of banking
Angela Kuznetsova , Borys Samorodov , Galyna Azarenkova , Kateryna Oryekhova , Maksym Babenko doi: http://dx.doi.org/10.21511/bbs.15(1).2020.06Banks and Bank Systems Volume 15, 2020 Issue #1 pp. 51-58
Views: 997 Downloads: 122 TO CITE АНОТАЦІЯMaintaining proper financial stability of each banking institution is one of the main tasks facing the banking system of Ukraine. This enables operational control over the financial strength of banking activities.
The purpose of the article is to develop recommendations on the operational control of financial stability of banking and to test them using banking institutions in Ukraine as an example.
To execute operational control over the financial stability of banking, economic standards of banking regulation are grouped under the “at least” or “not exceeding” principle. To determine their change over time, Shewhart control charts are proposed.
The recommendations were tested through the example of the Ukrainian banking institutions (with state, foreign and private capital). It was found out that in 2017–2019, the following three economic standards of banking regulations were not met: regulatory capital adequacy, high credit risk, and average investments; besides, there were two standards at the limit of control value: the ratio of regulatory capital to total assets and the maximum amount of credit risk per counterparty.
To improve the financial status of banking institutions, it is recommended to take organizational and financial measures to change the average value of the relevant economic standards for banking regulation to a level that ensures financial stability.
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