id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
issue-427	Zachosova, Nataliia; Babina, Nataliia	IDENTIFICATION OF THREATS TO FINANCIAL INSTITUTIONS’ ECONOMIC SECURITY AS AN ELEMENT OF THE STATE FINANCIAL SECURITY REGULATION	2018	8	.pdf	application/pdf	5927	178	26	Table 1 Hybrid threats to Ukraine’s financial market functioning and to the activities of its participants Hybrid threat Impact on the state of the financial market, financial security of the country, and activities of financial institutions A large number of financial institutions with a high proportion of Russian capital in the financing structure The deterioration of the business reputation of professional market participants and the loss of public confidence in financial institutions and government, which allows the use of the capital of an unfriendly state in the financial system Insolvency of financial institutions with Russian capital, their loss-making Destabilization of the financial market architecture, bankruptcy of business entities that are counterparties and partners of pro-Russian financial institutions, limiting the possibilities for returning assets to their stakeholders Legalization of capital from the occupied territories through the infrastructure of domestic financial institutions Expansion of the shadow financial sector boundaries, fall of national currency value, caused by inflation, increase in the number of extraordinary inspections of the financial institutions’ activities that block their work Using domestic financial institutions for directing financial resources aimed at the expenditure in the occupied territories Setting up the process of implementing financial products and services to finance terrorism, deteriorating the reputation of domestic financial institutions in the European and global financial markets, loss of investors The impossibility of safe using pro-Russian billing electronic payment systems Slowing the movement of financial flows, impossibility to meet the financial interests and needs of certain categories of customers Non-repayment of loans by borrowers, non-fulfilment of obligations under customer agreements of clients staying in the occupied territories Loss of assets, destabilization of the financial system state, lowering of the financial stability levels and financial institutions profitability, limitation of their resource base for carrying on the business activity, leaving the financial market The subordination of individual financial institutions that have Russian co-owners or investors, to the government decision of a neighbouring state, and neglect of the domestic legal base Violation of financial interests of Ukrainian citizens, loss of trust in the financial system, withdrawal of financial resources from the domestic financial system, negative investment image of the state as a whole The deterioration of domestic financial institutions reputation by means of information warfare Reduction in the number of clients, partners, investors; refusal of the stakeholders to use financial services Baltic Journal of Economic Studies 85 Vol. 4, No. 3, 2018 Table 2 Internal threats to the level of financial institutions’ economic security Internal threat Influence on financial institutions’ economic security Low professional level of the personnel, its qualification, the tendency of employees to commit fraudulent actions High risk of losing material, financial, information resources and customer base both through incompetence and through criminal actions of the employees Opportunistic behaviour of insiders regarding the interests of financial institutions A decrease in the level of the institution business reputation, loss of partner relations, a decrease of its value for investors in the market Management inclination for excessive risk in the process of managerial, investment and financial decision making Unexpected financial losses due to failures, deteriorating financial condition of institutions, loss of customers, partners, investors and their financial assets Lack of information and analytical support in the process of countering threats, the low relevance of information resources Irrational structure of the economic security system, excessive costs for the organization of protection and ineffective management of economic security Ineffective time management Financial losses or lack of profits over late management and financial decisions Improper financial reserves in the situation of financial destabilization Inability to compensate for the consequences of the negative impact of external and internal threats on the state of the institution economic security Miss of the staff reserve for timely replenishment of the staff Need for additional time and financial resources to find qualified staff Use of unlicensed software, untimely updating of programs The probability of hacker attacks, the possibility of access by third parties to confidential information Absence or low efficiency of access control systems The probability of third-party penetration into the building of the institution; theft, damage to the property of the institution and information about its activities Low level of technical and technological support The inability to organize the proper level of work with clients and the protection of the institution assets The absence of a professional guard The probability of abduction, property damage Lack of monitoring in the economic security system Failure to evaluate the economic security level, to detect flaws in its system of management, and timely identify the threat to the economic security of the institution Denial of the legal department in the structure or position of a full-time lawyer Lack of legal protection of the institutional interests Loss, abduction, damage to information resources; their use against the interests of the institution The risk of using information with a low level of certainty or lack of necessary information while making managerial decisions 82 294 296 1233 3788 29 30 120 3832 87 60 120 38 0 200 400 600 800 1000 1200 1400 1600 Banks Insurance companies Asset Management Companies Financial companies (factoring companies, leasing companies, pawnshops) The timely identification of threats, the impact of which may have negative consequences for the level of financial institutions economic security and the state of the country financial security, should be the first stage in the process of effective state regulation of the country’s financial security.	cache/issue-427.pdf	txt/issue-427.txt