The problem of withdrawing funds from insolvent banks and developing proposals to overcome it

Authors

DOI:

https://doi.org/10.15587/2523-4153.2019.188181

Keywords:

banks, bankruptcy, withdrawal from the banking system, insolvent banks

Abstract

In this article the author reveals the actual problems of the banking system of Ukraine in the current economic situation, in particular against the background of the massive reduction in the number of banks in the period from 2014 to 2016, a blow to financial stability. In addition, this article analyzes the main legislative changes, aimed at preventing abuse by banking system participants.

Suggestions were also made to improve the legislation of Ukraine regarding the development of effective mechanisms to prevent the withdrawal of funds from the banking system of Ukraine, as well as to hold them accountable for these actions.

The relevance of the research topic is due to the fact that the effective functioning of the banking system is one of the most important components of sustainable development of the country's economy. The development of social and political events causes the emergence of new legal relationships, which in turn create the grounds for the emergence of new types of legal responsibility and the application of new response measures.

These reasons necessitate a thorough analysis of new legal relationships in the field of banking, detailed clarification of their content.

The author conducted a thorough research and analysis of legislation, doctrine and case law in order to find out the causes and possibilities of cases of withdrawal of funds from the banking system of Ukraine. Based on the above analysis, the author has developed proposals to improve the legislation of Ukraine on the development of effective mechanisms to prevent withdrawal of funds from the banking system, as well as to hold accountable for these actions.

Thus, the author investigated the problems of the banking system of Ukraine in the current economic situation, as well as made proposals to improve the legislation of Ukraine.

Author Biography

Viacheslav Krahlevych, Taras Shevchenko National University of Kyiv Volodymyrska str., 60, Kyiv, Ukraine, 01033

Postgraduate Student

Department of Civil Law

References

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Published

2019-12-23

How to Cite

Krahlevych, V. (2019). The problem of withdrawing funds from insolvent banks and developing proposals to overcome it. ScienceRise: Juridical Science, (4 (10), 38–43. https://doi.org/10.15587/2523-4153.2019.188181

Issue

No. 4 (10) (2019)

Section

Juridical Science

License

Copyright (c) 2019 Viacheslav Krahlevych

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