Money, finances and credit

Threats to the economic security of the banking activity and the means of its protection

Economic Annals-XXI

Economic Annals-ХХI: Volume 151, Issue 5-6, Pages: 86-89

Citation information:
Varenyk, V., & Samura, Yu. (2015). Threats to the economic security of the banking activity and the means of its protection. Economic Annals-XXI, 5-6, 86-89. https://ea21journal.world/index.php/ea-v151-21/

View Full TextDownload PDF

Victor Varenyk
PhD (Economics),
Associate Professor,
Lviv Academy of Commerce
7а Ch. Kalyny Ave., Lviv, 79034, Ukraine
Varenykva@mail.ru

Yuriy Samura
PhD (Economics),
Associate Professor,
Lviv Academy of Commerce
10 Tugan-Baranovsky Str., Lviv, 79005, Ukraine
Samurayuriy@mail.ru

Threats to the economic security of the banking activity and the means of its protection

Abstract. This article explores the theoretical and methodological approaches of domestic and foreign scientists to determine the nature of the economic security of banking, which is divided into several distinct groups. A negative impact on the economic security of the bank which by sources of origin can be objective and subjective is characterized. We have concluded that objective negative impacts occur independently of a particular bank or its individual employees, whereas subjective impacts may be due to poor performance of the bank as a whole or its individual employees (especially managers and functional managers).

In this article we have classified threats to economic security of the banking activity on the following grounds: place of origin, nature of occurrence, likelihood of occurrence relevant to consequences for the attacked, probability of their occurrence according to the purpose and use.

The study highlighted the bank protection from external and internal threats, which are divided into personnel-related, organizational, technical and intellectual ones. All these measures, both special and general, cannot be considered disposable and conducted only during the emergence of the crisis or the state of danger. At the same time, a study of their complexity and regularity greatly reduces the likelihood of any threats to the bank.

Keywords: Banking Security; Economic Security of the Bank; Internal Threats; External Threats; Banking Security Measures

JEL Classification: G21; E58

References

  1. The Verkhovna Rada of Ukraine (2000). On the Banks and Banking. Law of Ukraine No 2121, III (with amendments) from 07.12.2000 (in Ukr.).
  2. Burke, A. (2008). Fear of Security: Australia’s Invasion Anxiety. New York (United States of America), Port Melbourne (Australia): Cambridge University Press.
  3. Zimmermann, H. (2011). Money and Security. Bochum: Cambridge University Press.
  4. Turner, J. D. (2014). Banking in Crisis. Cambridge: St Ives Plc.
  5. Baranovskyi, O. I. (2006). Banking security: measurement problem. Ekonomika ta prohnozuvannia (Economics and Forecasting), 1, 7-26 (in Ukr.).
  6. Blanc, I. A. (2009). The operation of the financial security of the company. Kyiv: Elga (in Ukr.).
  7. Varenyk, V. A. (2015). Сharacteristic of threats to the economic security of the banking activity. Сutting-edge science – 2015 (Materials of the XI International scientific and practical conference), Sheffield, S Yorkshire, England: SCIENCE AND EDUCATION LTD, 34-36.
  8. Vovchak, O. D., Samura Y. O., Sydorenko V. A., & Varenyk, V. A. (2013). Banking security: Study Guide. Kyiv: Znannya (in Ukr).
  9. Vitlynskyi, V. (2010). Financial stability as the system characteristics of a commercial Bank. Bankivska sprava (Banking), 6, 48-51 (in Ukr.).
  10. Zubok, M. I. (2003). Security of banking activities: a manual. Kyiv: KNEU (in Ukr.).
  11. Onyshchenko, V. O., Andreyev, R. G., Savytska, O. I., & Dovgal, Y. S. (2011). Economic security of banking in Ukraine. Poltava: MONMS of Ukraine Poltav. nat. techn. un-t named by Yu. Kondratyuk (in Ukr.).
  12. Yermoshenko, M. M., Goriacheva, K. S., & Ashuyev, A. M. (2005). Economic and organizational basis for ensuring financial security company, preprint scientific report. Kyiv: National Academy of Management (in Ukr.).
  13. Orekhova, K. V. (2014). Introduction of KPI into the system of financial security ensuring at the enterprise. Economic Annals-XXI, 11-12, 69-72.
    Retrieved from https://ea21journal.world/index.php/ea-v146-17/
  14. Plastun, O. L. ( 2012). Qualitative methods of diagnosis in the system of financial security entities. Visnyk Ukrainskoi academii bankivskoi spravy (Herald of the Banking Academy of Ukraine), 1, (22), 40-44 (in Ukr.).
  15. Poberezhnyi, S. M., Plastun, O. L., & Bolhar, T. M. (2010). Financial Security of Banking. Sumy: SHEI «UABS NBU» (in Ukr.).
  16. The National Bank of Ukraine (2015). Official website.
    Retrieved from http://www.bank.gov.ua (in Ukr.)

Received 17.05.2015

View Full TextDownload PDF
In, , , , , ,

More Papers