ARTÍCULO
TITULO

COMPLIANCE CONTROL FOR ENSURING THE FINANCIAL SECURITY OF BANKING INSTITUTIONS: STATE, PROBLEMS, PROSPECTS

Tetiana Momot    
Ihor ?oliada    

Resumen

The subject matter of the article is conceptual and applied aspects of the implementation of the compliance control for ensuring the financial security to banking institutions. The aim of the study is the complex comprehension of conceptual and methodical approaches to the implementation of the compliance control for ensuring the financial security to banking institutions and the development of practical recommendations for its optimization. The tasks are: to systematize approaches to the definition of the compliance control concept for ensuring the financial security to banking institutions; to define the problems of development and legitimation of the compliance control for banking institutions; to study the content, functions and principles of the compliance control for banking institutions; to generalize the features of managing the compliance risk in the banks of Ukraine; to develop the ways for establishing the efficient system of the compliance control for banking institutions and to determine the strategic priorities for ensuring the financial security of banking institutions. The general scientific methods were used, in particular, logical generalization, grouping, analysis and synthesis, system analysis, the graphical and analytical method to visualize the results of our research. The following theoretical and practical results are received: the problems of development and legitimation of the compliance control for banking institutions were determined; the lack of a unified approach to understanding the social and managerial nature of compliance was proved.  The phenomenon of compliance is usually analyzed in social, political, legal and economic dimensions. Consequently, scholars did not succeed in suggesting the universal interpretation of the content of the polysemantic category ?compliance?. An attempt to systematize approaches for determining the compliance control concept to support the financial security of banking institutions was made. The author?s definition of the compliance control concept was suggested and the necessity of its implementation was determined with the obligatory consideration of the specifics of the conditions and the place of its implementation. The content of compliance control was studied and the importance of its introduction was emphasized in the context of the system of detection, identification and neutralization of risks, maintaining positive business reputation, minimizing costs and saving bank assets. The features of managing the compliance risk on the basis of the positive experience of providing compliance control to the reliable bank institutions of Ukraine were highlighted. The lack of clear instructions regarding the efficient system of the compliance control in the banking laws of Ukraine was testified. Therefore, to study the appropriate international theory and practice was suggested. The issues of the organization of the management of banks compliance risks, the operational risk management, the reputation risk management, and so on should be emphasized first of all. Conclusions: At present, the development and implementation of the National strategy for ensuring the financial security of banking institutions is of primary importance as well as drafting the Standard Statute on the structural unit for organizing and implementing compliance, introducing the positions of compliance officers and developing job instruction for them, formulating functionally reasoned deontological standards of their professional activity. The nationwide standard of compliance control should be developed under the patronage of the National Bank of Ukraine and the Association of Ukrainian banks.

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