NEW LIQUIDITY RATIOS IN THE SYSTEM OF RISK-ORIENTED SUPERVISION FOR THE ACTIVITIES OF BANKS IN UKRAINE

Abstract

The article is devoted to the study of the essence, preconditions for the introduction and functional assignment of new ratios of liquidity in the system of risk-oriented supervision for the activities of banks in Ukraine. The analysis of the reasons contributing to the adoption of generally accepted world-wide approaches to liquidity assessment, in particular the implementation of the Liquidity coverage ratio (LCR) and Net Stable Funding Ratio (NSFR) standards, is carried out. The positive and negative consequences of introduction of new ratios of liquidity in domestic banks were identified and determined. In addition, the process of adaptation of the domestic banking system to the new liquidity standards, in particular certain difficulties that arose in the banks during their stress testing, were investigated. The mechanism and algorithm of calculation of LCR and NSFR indices are investigated, their boundary and target normative values are given. The experience of European banks regarding the implementation of the LCR standard is analyzed. The key problems of introducing the LCR standard in Ukraine are determined, as well as the efficiency of the results of the introduction of the investigated standards in domestic banks is grounded. It is proved that the adoption of new standards for the organization of risk management system in banks of Ukraine, including liquidity risk, will contribute to increasing the stability of banks 'funding, will help to improve banks' liquidity risk management system and increase the efficiency of regulatory requirements. The introduction of LCR and NSFR liquidity standards in Ukraine will greatly facilitate the approximation of domestic banking regulation and supervision to European standards, as well as increase the level of functioning of the banking system of Ukraine as a whole. However, the achievement of positive effects from the application of new norms of liquidity requires the implementation of a set of measures, both by the regulator and the banks themselves. In particular, it would be appropriate for the National Bank of Ukraine to investigate the impact of new liquidity rules on profitability and to anticipate the diversification of target values of norms and the application of lower values during periods of stable growth with the aim of reducing the volume of assets with low profitability and stimulating the business activity of banks.