CONTEMPORARY INTERNATIONAL AND NATIONAL REGULATORY INSTRUMENTS OF CREDIT RISKS ABATEMENT AND THEIR IMPLEMENTATION IN UKRAINIAN BANKING SECTOR
DOI:
https://doi.org/10.17721/apmv.2017.130.0.95-106Abstract
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
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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.
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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.
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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.
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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.
