Lahno A. Recognition of threats and elimination of risks in ensuring the financial security of the banking system of Ukraine

The substantiation of the theoretical and methodological principles of threat recognition and risk elimination in the provision of FS of the banking system has been deepened. The classification of types of threats to the FS of the banking system has been improved by distinguishing. The classification of the types of risks of the banking system has been clarified thanks to the identification. The list of threats to the FS of the banking system due to the emphasis on the existence of their orientation. The interpretation of the essence of the FS banking system was further developed thanks to its comprehensive understanding as the state of its functioning and economic/financial relations, which is characterized by the absence of conflicts of monetary, currency, anti-inflationary, banking and macroeconomic policies, enables it to achieve financial stability/stability/reliability, social - the economic efficiency of using financial resources and increasing financial potential under existing and potentially possible challenges, threats and risks; a system of multi-aspect and balanced measures to promote the financial stability of Central Bank (CB), BS and the banking/financial system in general and other economic agents, compliance with their financial interests; conditions for ensuring the banking system performs its inherent functions, its financial independence, liquidity, plateau and competitiveness and investment attractiveness, balanced financial flows and financial sovereignty of the state. The practice of ensuring identification of FS threats to the banking system of Ukraine and elimination of risks in this area was assessed; existing and potential threats and risk factors in ensuring the financial security of the banking system of Ukraine are characterized; the influence of threats and risks on the FS of the banking system of Ukraine in general and its varieties are determined. The systematization of indicators of the FS of the banking system has been improved due to the separation of their groups. For the first time, a model for evaluating the effectiveness of detection/recognition of FS threats and risk management in the banking system was developed, consisting of performance evaluations: development of passports/registers/procedures for detection/recognition of FS threats of the banking system and policies and advanced methods of risk management in this area; detection/ recognition of threats to the FS banking system and elimination of risks in this area; monitoring of threats to the FS banking system and risks in this area; analysis and assessment of threats to the FS banking system and risks in this area; elucidation of existing and potential threats to the FS and accepted, new/unforeseen and residual risks of the functioning of the banking system; the selection of strategies for prevention/counteraction/localization of threats to the FS of the banking system and elimination/minimization of risks in this area and their application; risk management tools; allocation of resources to optimize the ratio of financial risks and profitability of CB, as well as the efficiency of management of assets and liabilities of CB in accordance with their strategic plans; preventive measures taken to prevent/counteract/localize threats and solutions to eliminate/minimize/mitigate risks that may negatively affect the security of the FS of the banking system; ensuring the optimal structure of financial and economic operations of the CB; internal control and activities related to detection/recognition of threats and elimination/minimization of risks of structures and persons; determination of losses and benefits from detection/recognition of threats to the FS banking system and elimination/ minimization of risks in this area; application of the CB in the areas of self-improvement; risk outsourcing; application of management/ accounting and tax accounting, information support for FS threat recognition and risk management in CB; guarantee of bank deposits/risk insurance; improvement of the measures taken; compliance with the principles of security activities to guarantee the proper level of FS banking activity. A model of the possibilities (limitations) of the management of the CB of the risks inherent in them is proposed, which is based on the assessment of the CB of the levels of opportunities/ complexity/responsibility of risk management according to the profiles of the identified risks; determining the limits of the application of the CB methods of risk regulation/limits of possibilities and responsibility according to the levels of decisions made; informing about the expediency of allocating resources according to identified risks or directing them to eliminate other gaps/improve capabilities in key areas of risk management; assessment of the effectiveness and efficiency of the CB risk management system.