Developing the theoretical fundamentals of ensuring the financial stability of bank on the results of the morphological analysis of essence of the concept of «compliance»

Abstract

In modern conditions the concept of «compliance» is being increasingly used in the international banking practice. This term is considered in the context of compliance of business entities’ performance with established norms, rules, regulatory acts, documents, etc. For Ukraine, as for the State, which actively cooperates with foreign partners and integrates the national markets into the international community, appears important to adapt the rules and laws of regulation of markets, particularly, of the banking market. The article carries out the morphological analysis of the concept of «compliance», with attention to different approaches of both domestic and international authors. The authors’ own vision of the concept of compliance is presented with the help of allocating the essential features and evaluating the degree of inclusion of the concepts, chosen for the analysis. As for further researches, this will allow to substantiate and build an effective structure of key elements of the compliance system in bank in order to adapt the national legislation in the sphere of banking regulation to the international law.

Keywords

• risk management
• compliance
• banking risks management
• financial stability of bank