Bringing the Standards of Ukrainian Banking Legislation to EU Standards

DOI

10.2991/aebmr.k.210826.010How to use a DOI?

Keywords

banking system, National Bank of Ukraine, reforms, principles, legislation, agreement

Abstract

The banking system is an integral component and destructive force of the state economy. The implementation of new ways and principles of conducting banking business is quite dynamic under the conditions of modern globalization processes. The reform of the banking system is directly accompanied by the establishment of appropriate regulations at the legislative level, which are adapted to internationally recognized legal norms and international experience in banking. Banking should be carried out exclusively on a legal basis, and the shortcomings of the legislation directly affect the operations and condition of banks. That is why this study is based on two areas of specialties and covers the fundamentals of law and the banking system. This article is devoted to the study of the main directions of banking system development carried out by reforming the banking legislation. A number of normative legal acts of national legislation, main international agreements of Ukraine in the field of banking system reform are analyzed. We also studied the reports and action plans of the National Bank of Ukraine and the Cabinet of Ministers of Ukraine which propose the implementation of the Basic Principles of Effective Banking Supervision and provide the implementation of the Association Agreement between Ukraine on the one hand, and the European Union, the European Atomic Energy Community and their Member States on the other hand in banking. Certain legislative changes are proposed to help achieve the principles set out in the EU acquis and Basel III. On the basis of official reporting indicators an analysis of the efficiency of banks was carried out depending on the form of ownership - with public, private and foreign capital in order to establish the shortcomings of the modern domestic banking system.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Nadiia Doroshenko
AU  - Oleksandr Doroshenko
AU  - Vladyslav Melnychenko
PY  - 2021
DA  - 2021/08/27
TI  - Bringing the Standards of Ukrainian Banking Legislation to EU Standards
BT  - Proceedings of the International Conference on Business, Accounting, Management, Banking, Economic Security and Legal Regulation Research (BAMBEL 2021)
PB  - Atlantis Press
SP  - 53
EP  - 58
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210826.010
DO  - 10.2991/aebmr.k.210826.010
ID  - Doroshenko2021
ER  -