Formation of settlement and payment mechanism in the banking security system

Abstract

The article is devoted to the study of the issue of ensuring bank security of settlement transactions. The purpose of writing the article is the formation of a settlement and payment mechanism in the banking security system based on the theory of economic mechanisms. The authors formed the structure and specified the elemental composition of the bank security system of settlement operations. In order to structure the banking security system, the article singles out: 1) a functional-purpose subsystem (includes such elements as the purpose, tasks, functions, principles and subsystems of banking security). The functional structure of the enterprise determines the target orientation of the system and emphasizes the fulfillment of its functional purpose; 2) subject-object subsystem (includes banking security subjects and the object on which the influence of the subjects is directed. The settlement and payment mechanism will act as an object within the selected research subject); 3) process-support subsystem (contains a description of processes aimed at ensuring compliance with the appropriate level of banking security and elements of legislative, personnel, information and methodological support). The formation of this subsystem focuses on the processes that are implemented within the system and on the control of the final results. It is noted that indicators (criteria, indicators) reflecting the result of its functioning must be included as separate components of the banking security system. The article identifies the object of the bank security system of settlement transactions – a settlement and payment mechanism, which has a complex structure and is formed on the basis of the adaptation of the theory of economic mechanisms, which includes the target function (the purpose of the functioning of the mechanism), the model and the control unit; management object and a set of management processes (functional unit). Implementation of the proposed bank security system for settlement operations will contribute to the improvement of the state of settlement and payment discipline of banking institutions, continuity and acceleration of the monetary turnover of economic entities through the development of tools and forms of payments and technologies of settlement and payment operations, and as a result – to ensure financial stability as individual banks , as well as the banking system as a whole. Prospects for further scientific research should be connected with the improvement of the functioning of individual elements of the banking system of settlement operations in modern conditions.

Keywords

• system approach
• settlement and payment mechanism
• financial security
• banking security