METHODICAL APPROACH TO ASSESSING FINANCIAL AND CREDIT INSTITUTIONS’ ECONOMIC SECURITY LEVEL

Abstract

Ensuring the economic security of the functioning of all economic entities is one of the main tasks, the solution of which makes it possible to preserve national sovereignty. Since February 24, 2022, the domestic economy has been suffering from russia's brutal, open and large-scale military aggression and is in a state of constant turbulence. That, in turn, causes increased attention to security issues at all levels of the economy in the face of global, geopolitical, and domestic economic threats. That is why this study aims to develop a methodical approach to assessing the level of economic security of financial and credit institutions. Scientific approaches to the definition of the concept of "economic security of financial and credit institutions" are analyzed and the author's vision of the concept through the prism of development is proposed. The existing methodical approaches of domestic scientists to the assessment of the level of economic security of financial and credit institutions were studied. A methodology for assessing the level of economic security of financial and credit institutions based on the scoring approach has been developed. Quantitative and qualitative components of economic security are highlighted, which are proposed to be analyzed in the study of economic security. It is proposed to use the Harrington scale to determine the level of economic security of financial and credit institutions. Approbation of the proposed methodology was carried out on the assessment of the activities of five banking institutions. According to the analysis obtained, the relevance of the proposed methodology for assessing the level of economic security of financial and credit institutions has been proven.

Keywords

• economic security
• methodology
• security level
• financial and credit institutions
• financial system of Ukraine