CONTEMPORARY INTERNATIONAL AND NATIONAL REGULATORY INSTRUMENTS OF CREDIT RISKS ABATEMENT AND THEIR IMPLEMENTATION IN UKRAINIAN BANKING SECTOR

В. В. Якубовський

Abstract


Contemporary regulatory requirements and mechanisms which oriented to credit risks abatement and assurance of financial sector functioning abroad are reviewed with particulars of their implementation in national banking sector.

As is demonstrated general reasons for new generation of regulatory measures of crisis resilience in financial sector are growned up from last global economy crisis which demonstrated vulnarability of main credit institutions and their failure to absorb considerable financial market fluctuations.

To improve financial systems stability is the main goal of measures and instruments proposed by the international Basel committee on banking supervision as well as Directives and Regulations of the European Union, which should be implemented at the national level.

Based on that last regulatory documents in this direction issued by national bank of Ukraine which are based on main international documents mentioned above are reviewed. In a generalised form statistical information on valuation and monitoring of most commonly used for collateral purposes types of assets is presented and discussed. Analyzed are main difficulties faced by valuers during providing practical activity in this field.


References


Список використаних джерел

Міжнародний бізнес: 2-е видання / В. А. Вергун, А. І. Кредісов, В. В. Якубовський та інші. – К. ВПЦ «Київський університет, 2009. – 623 с.

Harvard Report – State of the Nation’Housing 2008 Report/JCHS of Harvard University, May 2010. – 124 p.

Wallison Peter J. Why the Left is Losing the Argument over the Financial Crisis/ American Enterprise Institute, December 27, 2011.

Sidel R. FDIC’s Tab for Failed US Banks Nears $ 9 Billion/Wall Street Journal, March 16, 2011.

Kawamoto D. Dow Jones decline rate mimics Great Depression/Business Tech.-CNET News, March 2, 2010.

US–European Bank Writedowns&Losses / Bloomberg-Reuters, November 5, 2009.

Аналитики: На достижение докризисного уровня мировой экономике потребуется три-четыре года / Новости / Finance.UA [Електронний ресурс]. – Режим доступу: http://news.finance.ua/ru/news/-/193802/analitiki-na-dostizhenie-drizisnogo-urovnyamirovoj-ekonomike-potrebuetsya-tri-chetyre-goda.

Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States. [Електронний ресурс]. – Режим доступу: https://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf.

Summit on Financial Markets and the World Economy / [Електронний ресурс]. – Режим доступу: https://georgebush-whitehouse.achives.gov/inforcus/financialmarkets/index.html.

Basel Committee on Banking Supervision. Basel III: A Global Regulatory Framework for Mor Resilient Banks and Banking Systems, December 2010. – [Електронний ресурс]. – Режим доступу: http://www.bis.org/publ/bcbs189.pdf.

Basel Committee on Banking Supervision/ Basel III: The Liquidity Coverage Ratio and Liquidity Risk Monitoring Tools, January 2013. – [Електронний ресурс]. – Режим доступу: http://www.bis.org/publ/bcbs238.htm.

Directive 2013/36/EU on Access to the Activity of Credit Institutions and the Prudential Supervision of Credit Institutions and Investments Firms, 26 June 2013. – [Електронний ресурс]. – Режим доступу: http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri= OJ:L:2013:176:0338:0436:En:PDF.

Requlation 575/2013/EU on Prudential Requirements for Credit Institutions and Investments Firms, 26 June 2013. [Електроний ресурс]. – Режим доступу: http://eur-lex.europa.eu/legal-content/en/TXT/?uri=celex%3A32013R0575.

Directive 2014/17/EU on Credit Agreements for Consumers Relating to Residential Immovable Property. [Електронний ресурс]. – Режим доступу: http://eur-lex.europa.eu/legal-content/EN/ALL/?uri=celex%3A32014L0017.

European Valuation Standards EVS-2016. 8-th edition. TEGoVA. – Gillis nv/sa, 2016. – 370 p.

REGULATION (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions. [Електронний ресурс]. – Режим доступу: http://www.europarl.europa.eu/document/activities/cont/201311/20131104ATT73792/20131104ATT73792EN.pdf.

European Central Bank. Risk Assessment System. [Електронний ресурс]. – Режим доступу: https://www.centralbank.gov.cy/media/pdf/BCCRDE_SupervisoryReview_RAS.pdf.

European Central Bank. Asset Quality Review. Phase 2 Manual./ ECB, March 2014. [Електронний ресурс]. – Режим доступу: https://www.bankingsupervision.europa.eu/ecb/pub/pdf/assetqualityreviewphase2manual201403en.pdf.

European Central Bank. Comprehensive Assessment Stress Test Manual./ECB, August 2014. [Електронний ресурс].– Режим доступу: https://www.bankingsupervision.europa.eu/ecb/pub/pdf/castmanual201408en.pdf.

European Central Bank. Aggregate Report on the Comprehensive Assessment. / ECB, October 2014. [Електронний ресурс]. – Режим доступу: https://www.ecb.europa.eu/pub/pdf/other/aggregatereportonthecomprehensiveassessment201410.en.pdf.

Постанова Правління Національного банку України від 30 червня 2016 року № 351 «Про затвердження Положення про визначення банками України розміру кредитного ризику за активними банківськими операціями. [Електронний ресурс]. – Режим доступу: https://bank.gov.ua/control/uk/publish/category?cat_id=8804895.

References

Mizhnarodnyy Bissness: 2-nd ed . / V. A. Vergun, А. І. Kredisov, V. V. Yakubovsky and oth. – К. : VPC “Kiev’s university”, 2009. – 623 p. (in Ukr.)

Harvard Report – State of the Nation’Housing 2008 Report/JCHS of Harvard University, May 2010. – 124 p.

Wallison Peter J. Why the Left is Losing the Argument over the Financial Crisis/ American Enterprise Institute, December 27, 2011.

Sidel R. FDIC’s Tab for Failed US Banks Nears $ 9 Billion/Wall Street Journal, March 16, 2011.

Kawamoto D. Dow Jones decline rate mimics Great Depression/Business Tech.-CNET News, March 2, 2010.

US-European Bank Writedowns&Losses/Bloomberg-Reuters, November 5, 2009.

Analitiky: Na dostizheniya dokrisisnogo urivnya mirovoy ekonomiki potrebuetsa tri-chetyre goda/Novosti /Finance.UA (in Rus.): http://news.finance.ua/ru/news/-/193802/analitiki-nadostizhenie-drizisnogo-urovnya-mirovoj-ekonomike-potrebuetsya-tri-chetyre-goda.

Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States: https://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf.

Summit on Financial Markets and the World Economy: https://georgebush-whitehouse.achives.gov/inforcus/financialmarkets/index.html.

Basel Committee on Banking Supervision. Basel III: A Global Regulatory Framework for Mor Resilient Banks and Banking Systems, December 2010: http://www.bis.org/publ/bcbs189.pdf.

Basel Committee on Banking Supervision/ Basel III: The Liquidity Coverage Ratio and Liquidity Risk Monitoring Tools, January 2013: http://www.bis.org/publ/bcbs238.htm.

Directive 2013/36/EU on Access to the Activity of Credit Institutions and the Prudential Supervision of Credit Institutions and Investments Firms, 26 June 2013: http://eurlex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2013:176:0338:0436:En:PDF.

Requlation 575/2013/EU on Prudential Requirements for Credit Institutions and Investments Firms, 26 June 2013: http://eur-lex.europa.eu/legal-content/en/TXT/?uri=celex%3A32013R0575.

Directive 2014/17/EU on Credit Agreements for Consumers Relating to Residential Immovable Property: http://eur-lex.europa.eu/legal-content/EN/ALL/?uri=celex% 3A32014L0017.

European Valuation Standards EVS-2016. 8-th edition. TEGoVA. – Gillis nv/sa, 2016. – 370 p.

REGULATION (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions: http://www.europarl.europa.eu/document/activities/cont/201311/20131104ATT73792/20131104ATT73792EN.pdf.

European Central Bank. Risk Assessment System. [Електронний ресурс]. – Rezhym dostuhu: https://www.centralbank.gov.cy/media/pdf/BCCRDE_SupervisoryReview_RAS.pdf.

European Central Bank. Asset Quality Review. Phase 2 Manual./ ECB, March 2014: https://www.bankingsupervision.europa.eu/ecb/pub/pdf/assetqualityreviewphase2manual201403en.pdf.

European Central Bank. Comprehensive Assessment Stress Test Manual./ECB, August 2014: https://www.bankingsupervision.europa.eu/ecb/pub/pdf/castmanual201408en.pdf.

European Central Bank. Aggregate Report on the Comprehensive Assessment./ECB, October 2014: https://www.ecb.europa.eu/pub/pdf/other/aggregatereportonthecomprehensiveassessment201410.en.pdf.

Postanova Pravlinnya Natsionalnogo Banku Ukrainy ot 30 Chervnya 201 roku No. 351 «Pro Zatvedjennya Polozheniya pro vyznachennya bankamy Ukrainy rozmiru kreditnogo ryzyku za aktyvnymi bankivskimy operatsayamy (in Ukr.): https://bank.gov.ua/control/uk/publish/category?cat_id=8804895.


Refbacks

  • There are currently no refbacks.