The Security of Formation and Use of Means of the Deposit Guarantee Fund

Abstract

The article is aimed at improving the theoretical and methodical approaches to the formation and use of DGF resources in the context of compliance with financial security. On the basis of the analysis and evaluation of the existing tendencies of development of the system of deposit guarantee in Ukraine, the basic principles and problematic aspects of its functioning are allocated. The features of formation of financial resources of DGF are disclosed, estimation of the level of their sufficiency for covering of existing needs of investors of insolvent banks is substantiated. The directions of use of means of the Deposit Guarantee Fund are analyzed, the main problematic aspects in its activity are allocated. Prospect for further research in this direction is development of conceptual approaches to the reform of the system of guarantee of individuals’ deposits in Ukraine according to the European approaches and recommendations of the International System of Insurance of Deposits.

Keywords

• deposit
• system of guarantee of deposits
• financial security
• financial resources of DGF
• amount of reimbursement