CONSIDERATION OF SPECIFIC FEATURES OF ACTIVITY WHILE IDENTIFYING RISK FACTORS OF BUSINESS FINANCIAL SECTOR

  • Tetyana Yakymchuk Kryvyi Rih Economic Institute of SHEE "Kyiv National Economic University named after Vadym Hetman"
  • Alla Levitskaia Comrat State University
Keywords: risk management, financial sector, risk identification, risk factors

Abstract

The article systematizes risk factors of the financial sector in Ukraine basing on the risk classification for the following groups: strategic, financial, legal, operational and reputational ones. It emphasizes that the financial sector risk factors are to be divided into those arisingwithin bank and non-bank financial institutions, depending on their specific activity.

Author Biographies

Tetyana Yakymchuk, Kryvyi Rih Economic Institute of SHEE "Kyiv National Economic University named after Vadym Hetman"
Associate Professor PhD
Alla Levitskaia, Comrat State University
Associate Professor DSc

References

Baranov, A. L., Baranova, O. V. (2013). Upravlinnia ryzykamy strahovoi kompanii [Risk management of insurance company], Grudnevi chytannia: zbirnyk tez dopovidei Mizhnarodnoi naukovo-praktychnoi konferencii, Kyiv: Logos, Vol. 1, 49–51. [in Ukrainian].

Bratyuk, V.P., Baysa, K.Y. (2014). Features of the risk management process adopted for insurance. Economic analysis. Ternopil: Publishing and printing centre of Ternopil National Economic University, Vol. 17, 112-119. [in Ukrainian].

Coursebook for the organization and operation of risk management in banks of Ukraine: NBU Board Resolution of 02.08.2004 g., № 36. Retrieved from http://www.rada.gov.ua (Accessed 21 June 2012). [in Ukrainian].

Doba, N.M. (2009). Risk Management [lecture notes]. Odessa: Odes. nat. polytehn. Univ. The science and techniques, 108. [in Russian].

Falyuta, A.V. (2012). Stages in bank risks management. Scientific Bulletin NLTU Ukraine, Vol. 22.6, 276-282. [in Ukrainian].

Guidelines for the inspection of banks' quantitative risk assessment system by the National Bank of Ukraine of 15.03.2004, 104 number, National Bank of Ukraine, Retrieved from http://uazakon.com/big/text1263/pg1.htm (Accessed 15 Mar 2004). [in Ukrainian].

Khokhlov, N.V. (2003). Risk management: Workbook for university students, Moscow: UNITY-DANA, 321. [in Russian].

Kuzmak, A.M. (2011). The process of bank risk management: features and ways to improve. Sustainable economic development, Vol. 3, 268-270. [in Ukrainian].

Makarenko, Y.P., Bobyl, V.V. (2014). Financial risk management of banks: monograph, Dnepropetrovsk: Gerda, 266. [in Ukrainian].

Matviychuk, A.V. (2005). Analysis and management of economic risk: Workbook. Kyiv: Centre of educational literature, 224. [in Ukrainian].

Mostenska, T.L., Skopenko, N.S. (2010). Risk management as a tool for economic management of company risk. Visnyk of Zaporizhzhya National University, Vol. 3, 72-79. [in Ukrainian].

Osadets, S. S. [Ed.]. (2002). Strakhuvannya [Insurance], Kyiv: Kyiv National Economic University, 599. [in Ukrainian].

Picos, R.V. (2006). Classification of financial risks insurance companies - the basis for effective risk management. Bulletin of Kyiv National Taras Shevchenko University, T. Economy, issue 81-82, 108-113. [in Ukrainian].

Sokolov, D.V. (2011). Classification of risks as multitasks tools. Risk Management organizations, Economic Management systems, Vol. 7, 22-37, Retrieved from http://www.uecs.ru/finansi-i-kredit/item/489-2011-06-16-07-22-37. [in Russian].

Yakimchuk, T.P. (2016). The consideration peculiarities of the activity of various businesses entity in risk management. Global and national economic problems, Vol. 14, Retrieved from http://global-national.in.ua/issue-14-2016. [in Ukrainian].


Abstract views: 349
PDF Downloads: 147
Published
2016-11-03
How to Cite
Yakymchuk, T., & Levitskaia, A. (2016). CONSIDERATION OF SPECIFIC FEATURES OF ACTIVITY WHILE IDENTIFYING RISK FACTORS OF BUSINESS FINANCIAL SECTOR. Scientific Journal of Polonia University, 18(3), 99-104. https://doi.org/10.23856/1811