EU, ASIA, USA AND UKRAINE RELATIONS IN THE BANKING SECTOR: PROBLEMS OF DEVELOPMENT AND LEGISLATIVE TERMINOLOGY UNIFIED

O. A. Muzyka–Stefanchuk, N. L. Huberska

Abstract


The article is devoted to the issue of relations between the EU, Asia, the USA and Ukraine in the banking sector. The problems of modern interaction between Europe and Russia in the banking sphere and the impact of such interaction on Ukraine are explored. In this context, international financial sanctions, external borrowing issues, etc. are considered.

The peculiarities of banking relations in the context of the influence of European referendums on banking relations are analyzed.

The problems of US – European relations in the banking sphere are considered. It is stated that global crises negatively affected the assets of American and European banks.

The issues of EU – Ukraine relations in the sphere of banking activity are separately highlighted. It is argued that banking is practically a conductor and linking the state with the global financial markets. In the context of euroadataptation processes, it is proposed to adopt the provisions of the NBU regarding risk management requirements in banks.

It is stated that there is a constant interactions in the banking sector. For some states – it creates positive moments for the domestic banking system; for others – creates negative moments. However, it is obvious that we need to move towards further close cooperation between states. We also consider it necessary to review the sanctions lists introduced by the EU and the United States in relation to Russia in connection with the military aggression on its part, since inventions have been invented over the years to bypass these sanctions.

Particular attention is paid to some terminological problems of domestic legislation.


Keywords


bank; banking sphere; banking relations; adaptation; integration.

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DOI: https://doi.org/10.18371/fcaptp.v2i23.121169

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ISSN (print) 2306-4994, ISSN (on-line) 2310-8770