FORMATION OF THE RISK MANAGEMENT SYSTEM OF THE BANK IN THE CONDITIONS OF THE MARTIAL STATE ECONOMY: CONCEPTUAL PROVISIONS

Abstract

In the article, the main theoretical aspects of the formation of theriskmanagement system of a bankinginstitution in theconditions of the martiallaw economyare examined. The purpose of the articleis to form the conceptual basis forimprovingtheriskmanagement system in theconditions of the martiallawand post-war reconstruction. The “bankingrisk ” concept is specified, underwhich it is proposedto considerthe situationcaused by the uncertainty of the informationused by thebank in the process of managementanddecision-making and is characterised by the dependence between the decision result and the probability of its occurrence. The composition of theriskmanagement systemneeds to be clar-ified, taking account the aspects of thelong-termdevelopment in theconditions of uncertaintyandadaptability of theriskmanagement system to thechanges in theexternaland internal environment, which is a response to therequirementsof thewartime economy. Theintroduction of the internalaudit-controllingof thebankingrisksis proposed, the principles andstages of its implementation aredevel-oped.