The cleansing of the Ukrainian banking system, performed in 2014—2016, showed the purpose of the National Bank to break the old models of banking and ensure sustainable development of the banking ...system and Ukraine as a whole. At the same time, the cleansing of the banking system was revolutionary, affecting not only the owners but also the broad sectors of society and the business entities, who suffered losses. Due to high relevance and social impact, discussions about the root causes, methods, and consequences arose. This article aims to establish the compliance of cleansing the banking system of Ukraine with the goals of sustainable development.
In this study, we considered the provisions of economic theory and the theory of banking systems, taking into account the spirit, ideals and principles of sustainable development. This study has the structure as follows. Firstly, we performed a theoretical analysis of the evolutionary and revolutionary types of banking reforms. Then we conducted a historical-economic analysis of the events that preceded the beginning of the cleansing of the banking system. In the central part, we analyzed the generalized causes and specific problems that led to the withdrawal of banks from the market in the primary wave of cleansing. Finally, we singled out three groups of NBU’s comments on the liquidation of specific banks. We established their close connection with the implementation of task 8.3 of the eighth Sustainable Development Goal.
We pointed out some discrepancies between the reasons for the liquidation of individual banks and the comments of the NBU. Therefore, we have suggested combining comments into groups which more clearly reflect liquidation reason. Such groups include non-compliance with stakeholders, lack of bank recovery strategy and resources, and misbehaviour by shareholders, insiders, and related parties. Finally, we reaffirmed the revolutionary nature of the reform. We proved that, despite the losses, its absence, in the longrun, could have made it impossible to meet Task 8.3 of the Eighth Sustainable Development Goal.
Promising are as of further research are comparing the procedure and results of cleansing the banking system in Ukraine and foreign countries.
Keywords: banking system, cleansing, liquidation, banking reform, sustainable development.
JEL Classification Q01, G21
Formulas: 0; fig.: 0, tabl.: 0, bibl.: 28.
The article considers the essence of the concept of «emotional flexibility» and identifies its main elements and role in implementing management functions in banking institutions, particularly in ...decision-making. First, we substantiated the necessity of developing emotional flexibility to strengthen the functions performed by the leader. We established that the degree of development of this experience depends on how much the leader can act in a situation of uncertainty, quickly adapt to change, and find new opportunities and ways to make decisions. After all, in banking management, management decisions are pretty risky and challenging to predict because the financial sector is quite sensitive to socio-economic and political factors. Second, we characterized the mental models that guide any human activity. We consider the term «emotional flexibility of the leader» as a set of skills based on the ability to perceive their own emotions, label and understand them, and then consciously move forward. It also means recognizing stress and getting out of it, deciding how to act according to personal values and goals. Thus, we considered the categories that are the basis for the formation of emotional flexibility, namely: emotional self-awareness, the ability to manage emotions, the ability to control emotions, empathy, establishing and maintaining relationships effectively. We found that the developed emotional flexibility is inherent in leaders who can understand and direct their feelings, quickly identify subordinates’ emotions, and maintain effective social communication. Finally, we focused on the benefits of the developed emotional flexibility of the head of enterprises, institutions, organizations.The emotional flexibility of the leader lies in his conscious readiness to implement the emotional competencies necessary for the effective implementation of professional activities and solving social problems. This will contribute to professional development and personal development, the actualization of adaptive abilities, preservation of health and prevention of «professional burnout», harmonious functioning in society, life achievements. Constantly increasing the importance of the human factor requires additional research in emotional flexibility as another source of improving the efficiency and effectiveness of banking institutions.Keywords: emotional flexibility; emotional intelligence; human factor; leader; manager; management; banking management; decision making.
JEL Classіfіcatіon G41
Formulas: 1; fig.: 3; tabl.: 1; bibl.: 31.
The most sensitive to anthropogenic pressure in the city are water resources: surface and groundwater, water sources, etc. Therefore, the analysis of hydrographic features and ecological status of ...water bodies of the city of Ternopil is an urgent and important scientific and practical task.
Purpose. Analysis of hydrographic features and ecological condition of water bodies of the Ternopil city, coverage of problems of pollution of the reservoir, quality of water in the Seret River and the main water intakes of the city
Methods. Generalization and systematization, descriptive, SWOT-analysis, cartographic, geoinformation, geochemical assessment of the ecological status of water bodies of the city.
Results. Generalization and systematization of data on the hydrographic network of the Ternopil city, allows us to state the fact that the main water bodies of the city is the Seret River – 242 km long (within the city 1.8 km) and the basin area 3900 km2; reservoir – an area of 300 hectares, nameless right tributary and canalized left tributary of the Seret River – the Rudka. The ecological condition of the Seret River within the city of Ternopil can be assessed as unsatisfactory. The main geoecological problems of the river are construction within the the coastal protection zone, water pollution by solid waste, exceeding the maximum allowable concentrations of suspended solids, sulfates, chlorides, nitrates and petroleum products. Environmental problems of the Ternopil reservoir are water pollution by chemical compounds of ammonium nitrogen, petroleum products, suspended solids and total iron; high siltation and pollution of the bottom sediments of the reservoir with heavy metals and mobile forms of biogenic elements. Water supply in the Ternopi cityl is carried out from two water intakes - Biletsky and Verkhnyo-Ivachivsky. Verkhno-Ivachivsky water intake is located at a distance of 3 km from the city landfill in the village of Malashivtsi. In the last few years, the process of drilling and using private artesian wells with a depth of more than 50 m has become widespread in the city. According to the results of the analysis, installed compliance with sanitary requirements of water samples in these wells, pH in all samples within normal limits (6,5-8,5).
Conclusions. Current trends in climate change and the growth of anthropogenic pressure on water bodies, increases the risks of degradation and changes in some components of the hydrographic network of the city. In Ternopil, it is necessary to modernize the centralized water supply system, reconstruct rainwater collectors and strengthen control over unauthorized discharges into surface water bodies. It is also worth designing another water intake for the city in environmentally secure conditions.
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