INSTITUTIONAL BASES FOR MINIMIZING RISKS IN THE BANKING SPHERE
Subject/Topic At the beginning of the last century, banking risk issues ceased to be a priority only of national importance. Crisis phenomena have shown the complete interdependence of the economies of different countries and revealed the need for the introduction of banking sector stability indicators. Therefore, it became important to carry out risk management not only within the credit institution itself, but also at the level of both national banking system and internationally. It becomes obvious that it is necessary to identify specific risks that are inherent in the banking sector, as well as to develop modern ways to minimize internal risks, especially for a credit institution. Goal/Objectives The aim of the study is to identify the specific risks for the banking sector of each country based on the international and domestic experience, as well as to develop recommendations to minimize risks for credit institutions. Methodology In the work were used general and special research method, in particular, analysis, synthesis, generalization, comparison, induction and deduction, scientific abstraction. The assurance of risk safety should be effected at the three levels: at the international level, at the state level and at the level of credit organizations. The main methods for minimizing the consequences of the modern banking risks were presented. Conclusion and Relevance In the course of the work, the main banking risks were identified.