Н. Приказюк, канд. екон. наук, доц. Київський національний університет імені Тараса Шевченка, Київ, Україна, КОМПАРАТИВІЗМ ПОНЯТЬ “СИСТЕМНО ВАЖЛИВІ” ТА “СИСТЕМОУТВОРЮЮЧІ ФІНАНСОВІ ІНСТИТУТИ”

Досліджено сутність та ознаки системно важливих фінансових інститутів. Обґрунтовано визначення системо-утворюючих фінансових інститутів. Проведено компаративний аналіз понять “системно важливі”, “системно значущі”, “системоутворюючі фінансові інститути” та встановлено співвідношення між ними.

Ключові слова: фінансова система, системно важливі фінансові інститути, системно значущі фінансові інститути, системоутворюючі фінансові інститути, системний ризик.

Надійшла до редколегії 13.07.2017

DOI: https://doi.org/10.17721/1728-2667.2017/194-5/3


  1. Bernanke, Ben S., 2009. Financial reform to address systemic risk. Speech at the Council on Foreigh Relations, Washington DC, USA. Available at: http://www.federalreserve.gv/newsevents/speech/bernanke20090310a.htm.
  2. Acharya, V., 2006. Too many to Fail – An Analysis of Time-inconsistency in Bank Closure Policies. [pdf] Bank of England: Working Paper, 319, pp. 42. Available at: http://pages.stern.nyu.edu/~sternfin/vacharya/public_html/acharya_yorulmazer_bank_closures.pdf
  3. Lavrenyuk, V.V., 2014. Ontology of Nature and the Essence of Systemically Important Banks. Biznes inform, 5, pp. 363-369.
  4. Rajan, E., 2009. Too Systemic to fail: Conserquences? Causes? And Potential Remedies. [pdf] Senate Banking Committee Hearings, pp. 8. Available at: http://www.bis.org/events/conf090625/rajanpaper1 .pdf
  5. Krasnova, I., 2015. The essence and criteria for identifying systemically important banks. Bulletin of the National Bank of Ukraine, 5, pp. 18-24.
  6. Praet, P., 2010. Macro-prudent and financial stability statistics to improve financial analysis of exposures and risk transfers. Fifth ECB Conference of Statistics “Central Bank statistics: What did financial crisis change”. pp. 3.
  7. Zhou, C., 2010. Are Banks Too Big to Fail? Measuring Systemic Importance of Financial Institutions. International Journal of Central Banking, pp. 205-250.
  8. Huertas Thomas, F., 2009. Too big to fail, too complex to contemplate: What to do about systemically important firms: manuscript. [pdf] Financial Markets Group Conference: London School of Economics and Political Science. Available at: http://www.lse.ac.uk/fmg/documents/events/ conferences/2009/tooBig/Huertas.pdf
  9. Hee Su, Roh, 2015. Too-Important-To-Fail (TITF) Implicit Guarantee with a Limited Fiscal Backstop May. Social Science Research Network, pp. 46. Available at: http://papers.ssrn.com/sol3/papers.cgm?abstract_id=2614258
  10. Yaseen, A., 2012. Managing Systemically Important Financial Institutions (SIFIs). Speech at the second meeting of the Financial Stability Board (FSB) Regional Consultative Group for Asia. Kuala Lumpur.
  11. Pashkevich, A., 2013. Systemically significant financial institutions on the example of the banks of Belarus. Bankovskiy vesnik: Informational, analytical and scientific and practical journal of the National Bank of the Republic of Belarus, 19, pp. 27-36.
  12. Zhegalova, E.V., 2015. The development of regulation and supervision in the global insurance market in the context of globalization: foreign and Russian experience. Economic sciences, 131, pp. 113-116.
  13. Khudyakova, L.S., 2013. New approaches to global financial regulation. IMEMO RAS, Moscow, pp. 162.
  14. Novikova, V., 2013. Functioning and Regulation of Systemically Significant Banks in the Republic of Belarus. Bankovskiy vesnik: Informational, Analytical and Scientific and Practical Journal of the National Bank of the Republic of Belarus, 20, pp. 33-38.
  15. Jagitian, E.P., 2012. Influence Volcker’s Directive on Mergers and Acquisitions of US Financial Institutions. Money and credit, 11, pp. 46-52.
  16. Silvestrov, S.N., 2014. The Financial Stability Board as the fourth pillar of the global financial system. Bulletin of the Financial University, 6, pp. 84-91.
  17. ECB, 2006. Financial Stability Report. [pdf] European Central Bank. Available at: https://www.ecb.europa.eu/pub/pdf/other/financialstabilityreview200612en.pdf?eeb9342332f4cd3127e55b523c51c9ff
  18. ECB, Financial Stability Review. [pdf] European  Central    Bank., pp.  18.  Available    at: https://www.ecb.int/pub/pdf/other/financialstabilityreview200612en.pdf
  19. BIS, 2011. Global systemically important banks: assessment methodology and the additional loss absorbency requirement (Covernote). [pdf] Basel Committee of Banking Supervision. Available at: http://www.bis.org/publ/bcbs207cn.pdf
  20. CIS, 2015. Regulation of the activities of key financial institutions of CIS member states taking into account international practice. CIS Executive Committee. e-cis.info/foto/pages/24801.docx
  21. Resolution of the Board of the National Bank of Ukraine 139 of 9 April 2012 on the Procedure for the Identification and Recognition of Banking Groups. http://zakon2.rada.gov.ua/laws/show/z0708-12
  22. Basel Committee on Banking Supervision, 2013. Globally systemically important banks: updated assessment methodology and the additional loss absorbency requirement. [pdf] Bank for International Settlements. Available at: http://www.bis.org/publ/bcbs255.pdf
  23. PBC, Members of Financial Stability Analysis Group of PbC. [pdf] People’s bank of China. Available at: http://www.pbc.gov.cn/english/130736/2946072/2015090616281480816.pdf
  24. Department of Finance, 2014. Minister of Finance about the importance of ensuring Canada’s financial system remains strong. Ontario: Ottawa. Available at: http://www.fin.gc.ca/n14/14-099-eng.asp.
  25. Banks and Banking Act 2000. Ukraine: Verkhovna Rada. Available at: http://zakon5.rada.gov.ua/laws/show/2121-14
  26. Katusov, V.Yu, 2015. Money Credit. Banks: a textbook for bachelors. Moscow: Publishing House Yurayt, pp. 507.
  27. Kaufman, G.G., 2013. Too Big to Fail in Banking: What Does It mean. [pdf] LSE financial Markets Group special paper series. Available at: <http://www.lse.ac.uk/fmg/workingpapers/specialpapers/pdf/sp222.pdf
  28. Nier, E.W., 2011. Towards Effective Macroprudential Policy Frameworks: An Assessment of Stylized Institutional Models. [pdf] IMF Working Papers. Available at: <https://www.imf.org/external/pubs/ft/wp/2011/wp11250.pdf
  29. Craig, O. Brown, 2009. Too Many To Fail? Evidence of Regulatory Forbearance When the Banking Sector is Weak. [pdf] Review of Financial Studies, Forthcoming. Available at: http://citeseerx.ist.psu.edu/viewdoc/download?doi=
  30. League of insurance organizations of Ukraine, 2011. Expert opinion on Ukrainian insurance companies account for over 75% of the retail market. League of insurance organizations of Ukraine. Available at: http://uainsur.com/our-news/28933/