Житар, Максим Олегович (2024) Moral Risk Management Strategy in the Banking Sphere Науковий журнал «Вісник Східноєвропейського університету економіки і менеджменту». (1(31)). pp. 313-323. ISSN 2078-1628
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Abstract
The problem of moral hazard in the banking sphere is considered as one of the key factors affecting the stability of the financial system. It has been proven that the main essence of this risk is the possibility of illegal actions due to asymmetry of information between the bank and its clients. To evaluate the effectiveness of risk minimization strategies, it is proposed to use an integrated indicator that takes into account various aspects of this risk, such as the level of internal control, reputational risk, and the level of interaction with clients and counterparties. The author claims that the higher the value of the integral indicator, the more effectively the bank manages moral risks. It has been determined that effective management of moral hazard requires a combination of internal and external measures such as policies, procedures, control mechanisms and independent auditing. The presented recommendations can contribute to maintaining the stability of the banking system and increasing the trust of clients in financial institutions. The article emphasizes the need for systematic monitoring and analysis of the integral indicator to ensure its relevance and compliance with risk management strategies. The integral indicator can be used to compare different banks or to track dynamics over time in one bank.The importance of using modern technologies and analytical tools in minimizing the bank's moral risk is considered. In particular, the author discusses the use of artificial intelligence, blockchain technologies, data analytics, machine learning and text analysis as important tools for effective identification, analysis and management of risks in the financial sector. Important conclusions and recommendations regarding the use of the integral indicator as a tool for assessing and managing moral risks in the banking system are provided, and the importance of using modern technologies in this area is also emphasized.
Item Type: | Article |
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Uncontrolled Keywords: | moral risk; banking sphere; integral indicator; artificial intelligence; blockchain technologies; risk management |
Subjects: | Статті у періодичних виданнях > Фахові (входять до переліку фахових, затверджений МОН) |
Divisions: | Факультет економіки та управління > Кафедра фінансів |
Depositing User: | Професор Максим Олегович Житар |
Date Deposited: | 22 Aug 2024 11:26 |
Last Modified: | 22 Aug 2024 11:26 |
URI: | https://elibrary.kubg.edu.ua/id/eprint/49554 |
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