Naumenko S. Administrative and legal regulation of the Deposit Guarantee Fund of individuals

The paper examines the issues of administrative and legal regulation of the Deposit Guarantee Fund of individuals (DGFI) and identifies possible ways to improve it. Taking into account the relevance of the dissertation topic, the content and peculiarities of the functioning of the system of guaranteeing deposits of individuals in Ukraine are highlighted in the work. The author's position on the concept of deposit guarantee system of individuals is formulated, which is proposed to be understood as a set of relations arising in connection with guaranteeing deposits of individuals, withdrawal of insolvent banks from the market, liquidation of banks. These legal relations are regulated by the Law of Ukraine "On Deposit Guarantee System", the subjects of which are the DGFI, the Cabinet of Ministers of Ukraine, the National Bank of Ukraine, banks and depositors. It is proposed to expand the list of subjects of the system of guaranteeing deposits of individuals, supplementing it with such subjects as the Verkhovna Rada of Ukraine and credit unions. Based on the study of the experience of implementation in the national deposit guarantee system of individuals of the provisions of the Basic Principles for Effective Deposit Insurance Systems developed by the Basel Committee on Banking Supervision in cooperation with the International Association of Deposit Insurers, a number of proposals have been formulated to improve administrative and legal regulation. In particular, the need for the participation of the State Savings Bank of Ukraine in the Fund was supported. Also, the measures were proposed to strengthen the legal protection of depositors from illegal activities of DGFI officials, as well as to improve the legal provision guaranteeing insurance indemnity payments to bank depositors.