Corruptive abuses of senior public officials in the banking sphere as a determinant of the Ukrainian economy criminalization

  • Received April 22, 2019;
    Accepted May 24, 2019;
    Published May 31, 2019
  • Author(s)
    Oksana Kvasha
    ORCID ,
    Zoia Zahynei
    ORCID ,
    Mykola Shapoval
    ORCID ,
    Oleksii Kurylo
    ORCID ,
    Viktor Nikitenko
    ORCID
  • DOI
    http://dx.doi.org/10.21511/bbs.14(2).2019.08
  • Article Info
    Volume 14 2019, Issue #2, pp. 89-105
  • TO CITE АНОТАЦІЯ
  • Cited by
    3 articles
  • 1576 Views
  • 187 Downloads

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License

The issues of crimes commission in the sphere of banking activity in Ukraine are highlighted. It is emphasized that crimes in banking activity are systematically committed by the public officials of the state. Such actions committed by the public officials cause the losses to the Ukrainian economy in the specially big amount. In the last two years, the socially dangerous consequences of these acts for the state economy are calculated by hundreds of millions of hryvnias. The defendants of these resonant criminal cases are the heads of banking institutions and senior public officials, as well as the officials of the National Bank of Ukraine. Moreover, the losses of these crimes cannot be compensated to the state economy, since the money laundered are placed for a long time in offshore areas outside the state. The conclusion is fomulated that current criminal legislation of Ukraine should be amended. First, there is the social need for criminalization of the socially dangerous actions committed by the public officials in banking sphere. Second, the study of the criminal legislation of the separate countries demonstrates that criminal liability of the legal persons for commission of the criminal offences in the sphere of banking activity is an effective measure to prevent the negative effects of the criminal threats. So this liability should also be introduced in Ukraine. Third, negligent crimes in the sphere of banking activities should also be criminalized, because an absence of such criminal prohibilion leads to the negligent behavior of the bank managers and to the socially dangerous results.

view full abstract hide full abstract
    • Figure 1. Major control functions
Related Articles

  • Environmental Performance Index: relation between social and economic welfare of the countries

    Tetyana PimonenkoORCID Researcher ID, Oleksii LyulyovORCID Researcher ID, Olena ChygrynORCID Researcher ID, Maksim Palienko doi: http://dx.doi.org/10.21511/ee.09(3).2018.01
    Environmental Economics Volume 9, 2018         Issue #3         pp. 1-11 Views: 3596 Downloads: 549 TO CITE АНОТАЦІЯ

    The paper deals with the analysis of methodology of Environmental Performance Index. The authors analyzed and systematized the main existing integrated indices, which were used for evaluation of environmental, social and economic situation in the countries. The authors allocated the environmental performance index as a basis for analyzing the environmental policy of the country. In this direction, the authors analysed the main features, structure and indicators of environmental performance index. The authors allocated the world-leader countries with huge level of CO2 emissions. According to the results, the authors aproved that these countries should improve their environmental policy. Accordingly, they occupied less position in environmental performance index. For the purpose to analyze the relation between ecological, social and economic welfare, the authors analyzed score of sustainable development goal index, social progress index and gross domestic product per capita. The comparison analysis of findings showed that countries with good position on environmental performance index have the strong position on sustainable development goal index and social progress index. The authors suggested that Ukraine should orient to the EU countries with purpose to improve the environmental policy.

  • Positive contribution of the good corporate governance rating to stability and performance: evidence from Indonesia

    RR. Iramani , Muazaroh Muazaroh , Abdul MongidORCID doi: http://dx.doi.org/10.21511/ppm.16(2).2018.01
    Problems and Perspectives in Management Volume 16, 2018         Issue #2         pp. 1-11 Views: 3221 Downloads: 314 TO CITE АНОТАЦІЯ

    This paper aims to examine the impact of Good Corporate Governance (GCG) practice on bank stability and performance. Governance is measured using the GCG rating that covers eleven aspects. The authors apply instrumental regression to link governance to performance and stability. The study covers a sample of 150 banks. The result shows that bank stability can mediate bank governance and bank performance. On the determinant of bank performance, it can be concluded that the GCG rating is positive and directly influences bank performance. Bank stability is also positive for bank performance indicating the indirect contribution of the GCG rating to bank performance. NPL, LDR, CAR and bank’s size (LASSET) are all negative and significant. The aim of this paper is to provide strong empirical evidence on the importance of governance and stability for performance. The limitations of this paper are the size of the sample and that it only covers public banks which are theoretically required to apply better governance in all aspects of their business by the Capital Market Authority.

  • Evaluating the nationalization & privatization effect: a case of Indian banking industry

    Manju Rajan BabuORCID , Ashok Kumar M.ORCID doi: http://dx.doi.org/10.21511/bbs.13(1).2018.02
    Banks and Bank Systems Volume 13, 2018         Issue #1         pp. 11-21 Views: 2909 Downloads: 410 TO CITE АНОТАЦІЯ

    The facilitation of economic transactions and friendly investor environment is undertaken through effective performance of financial systems. Mobilization of savings and funding the profitable business opportunities are essential in improving the efficiency of intermediation. The study aims to evaluate the effects of nationalization and privatization on Indian banks. Various factors have been considered to examine the effects of privatization and nationalization, including sources of public sector inefficiency, measures of firm performance, econometric issues, and the mode of privatization. The data was collected for the period of 1998 to 2016 from Indian banks. Data Envelopment Analysis (DEA) was used to evaluate the financial reports of the banks selected to evaluate the efficiency of input and output variables. Positive results were observed, concerning the efficiency and profitability of banking industry after banks’ privatization. Performance of private banks has been observed effective and efficient as compared to the public sector banks. Privatization of banks must be increased and maintained to sustain the efficiency of the banks and implement strategies to maintain the assets. Future studies may recruit more appropriate sample size to evaluate the privatization and nationalization effects of Indian banking industry. Greater number of banks will provide more precise results, using data envelopment analysis.

Download Preview
Close
Banks and Bank Systems
Banks and Bank Systems