PRIORITIES OF STATE POLICY IN THE BANKING SECTOR: SECURITY ASPECT

Abstract

The article examines the priorities of state policy in the banking sector and the security aspects associated with them.It is argued that in modern conditions there is an urgent need to improve the mechanisms of state policy in the banking sector, taking into account the security aspect, which includes the development of new regulatory strategies, strengthening financial monitoring, introducing modern technologies in the field of cybersecurity and forming an effective crisis response system. Therefore, determining the priorities of state policy in the banking sector from the point of view of security is an urgent task that requires a comprehensive analysis and a systematic approach.The purpose of the article is to substantiate the priorities of state policy in the banking sector from the point of view of security aspects.The article emphasizes that with the beginning of the full-scale Russian invasion of Ukraine, many areas have undergone irreversible changes in their activities, therefore, in order to guarantee the proper level of security, banks are focusing on strengthening their own banking security. The main indicators of the banking sector of Ukraine are analyzed. The article provides an assessment of threats to the banking sector of Ukraine in modern conditions, which have a significant negative impact on the banking system. It is emphasized that awareness of internal and external threats allows creating a reliable system for ensuring bank security, aimed at effectively fulfilling the tasks set, and at the same time, the bank security system must be in constant development and adapt to changes in the external and internal environment. The main priorities of state policy in the banking sector from a security perspective are substantiated.The results of the study showed that state policy in the banking sector should be focused on ensuring its stability and security. It is concluded that the stability of the banking system depends on the ability of banks to promptly respond to challenges, adapt their activities to new realities and support the country’s financial infrastructure. It is emphasized that taking into account modern threats and challenges will increase trust in financial institutions and contribute to strengthening the country’s economic security.