{"id":2531,"date":"2016-05-24T15:04:09","date_gmt":"2016-05-24T12:04:09","guid":{"rendered":"https:\/\/visnyk.mnau.edu.ua\/?p=2531"},"modified":"2019-02-27T12:47:02","modified_gmt":"2019-02-27T10:47:02","slug":"n87v4r2015krychyniuk","status":"publish","type":"post","link":"https:\/\/visnyk.mnau.edu.ua\/en\/n87v4r2015krychyniuk\/","title":{"rendered":"The reformation of activity of ratings agencies at the micro level of the banking system of Ukraine"},"content":{"rendered":"<strong><span style=\"text-decoration: underline;\">UDC\u00a0336.77.01:330.567.22<\/span><\/strong><\/p>\n<p><em><strong>Krychyniuk A.<\/strong>,<\/em> <em>Master of Banking, Post Graduate student, Department of Finance and Banking, European University, Ukraine.<\/em><\/p>\n<p style=\"text-align: justify;\">The article is devoted to the reformation of activity of ratings agencies at the micro level of the banking system of Ukraine. The estimation of the reliability assessment of credit ratings by the most representative group of four banks of Ukraine according to the assets\u2019 size during 2014 year is given.We found out the reasons of appropriation of the unreliable credit ratings the of chosen banks. We had developed \u00a0the variants of eliminating the causes of incorrect assignment of credit ratings.<br \/>\nWe compare the credit ratings of the credits\u2019 quality of typical operations with the help of four groups of banks in Ukraine 2014, and we can conclude that the typical representative of the first group is \u201cPrivatbank\u201d, the typical representative of the second group is Credit Agricole Bank, the typical representative of the third group is \u201cPravex bank\u201d and the typical representative of the fourth group is \u201cProCredit Bank\u201d have the unreliable long-term credit ratings.<br \/>\nWe offered the variants of reforming rating agencies Fitch Ratings and Ekspert-reytynh.<br \/>\nWe offer to change the model of income that investors pay for assignment of credit rating debt securities. We offer to create the fund in order to finance the rating agencies at the expense of all participants of the financial system. It will minimize the conflicts of interests and \u00a0reduce the dependence on customers.<br \/>\nWe offer to prohibit any consulting services by rating agencies.<br \/>\nWe offer to make the open public exact oficial methodology with the possibility of\u00a0 the methodological evaluation and improvement by the specialists. We offer to increase the professional level of the specialists who develop and calculate the credit ratings.We offer to analyze and improve the methodology of assessing the creditworthiness of banks and debt securities. We offer to increase competition among the rating agencies. We offer to increase quantity of authorized and nationally recognized rating agencies significantly.<br \/>\nWe offer to determine credit ratings the unauthorized and unrecognized ratings agencies.<\/p>\n<p style=\"text-align: justify;\"><strong><em>Keywords:<\/em><\/strong><em> reformation of activity of rating agencies, credit rating, credit rating agencies, bank creditworthiness, conflict of interests, debt obligations, credit risk, a bank.<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/visnyk.mnau.edu.ua\/statti\/2015\/n87v4r2015krychyniuk.pdf\">The reformation of activity of ratings agencies at the micro level of the banking system of Ukraine.<\/a><\/p>\n<p style=\"text-align: justify;\">Referenses:<br \/>\n1. Dolin\u015bk\u00fd L. Pobudova intehra\u013anoho kredytnoho rejtynhu bankiv\u015bkoji systemy Ukrajiny [Elektronn\u00fd resurs] \/ L. Dolin\u015bk\u00fd, O. Kova\u013a\u010duk \/\/ Visnyk Naciona\u013anoho banku Ukrajiny : \u0161\u010domisia\u010dn\u00fd naukovo-prakty\u010dn\u00fd \u017eurnal NBU. \u2013 K. : Naciona\u013an\u00fd bank Ukrajiny, 2012. \u2013 Re\u017eym dostupu do \u017eurnalu : http:\/\/www.bank.gov.ua\/doccat alog\/document?id=116489. \u2013 Data ostannioho dostupu 15.11.2015. \u2013 Nazva z ekranu.<br \/>\n2. Jurkevy\u010d O.M. Kredytni rejtynhy jak instrument ocinky kredytnoho ryzyku [Elektronn\u00fd resurs] \/ O.M. Jurkevy\u010d \/\/ Nauka j ekonomika. \u2013 2013. \u2013 \u21164, t.1. \u2013 S.75-79. \u2013 Re\u017eym dostupu : http:\/\/fef.kne u.edu.ua\/get_file\/2411\/. \u2013 Data ostannio-ho dostupu 15.11.2015 \u2013 Nazva z ekranu.<br \/>\n3. Plastun O.L. Mi\u017enarodni investycijni rejtynhy jak zasib usunennia informa-cijnoji\u00a0 asymetriji na makroekonomi\u010dnomu rivni [Elektronn\u00fd resurs] \/ O. L. Plastun, O. V. Dudkin \/\/ Marketynh i mened\u017ement innovacij. \u2013 2012. \u2013 \u21163. \u2013 S. 191-198. \u2013 Re\u017eym dostupu : http:\/\/nbuv. gov.ua\/j-pdf\/Mimi_2012_3_20.pdf. \u2013 Data ostannioho dostupu 15.11.2015. \u2013 Nazva z ekranu.<br \/>\n4. Ple\u0161akova N. Mi\u017enarodni rejtynhy u vyzna\u010denni finansovoji stabi\u013anosti Ukrajiny [Elektronn\u00fd resurs] \/ N. Ple\u0161akova \/\/ Vestnik Kiyevskogo natsional&#8217;nogo universiteta imeni Tarasa Shevchenko. Ekonomika. \u2013 2014. \u2013 vol. 13, issue 154. \u2013 112-115.\u00a0 \u2013 Re\u017eym dostupu :\u00a0 http:\/\/visnyk.socionet.ru\/files\/154_112115. pdf. \u2013 Data ostannioho dostupu 15.11.2015.\u00a0 \u2013 Nazva z ekranu.<br \/>\n5. Karminskiy A.M. Reytingi kak mera finansovykh riskov. Evolyutsiya, nazna-cheniye, primeneniye [Elektronnyy resurs] \/ A.M. Karminskiy, A.A. Peresetskiy. \/\/ Zhurnal novoy ekonomicheskoy assotsiatsii. &#8211; 2009. &#8211; \u2116 1-2. &#8211; S. 86-103. \u2013Elektron. tekstovyye dan. \u2013 Rossiya, 2009. \u2013 Rezhim dostupa : ftp:\/\/ftp.repec.org\/ opt\/ReDIF\/RePEc\/ne a\/ journl\/ 2009-1-2-86-102r-tegi_16-12.pdf. \u2013 Data poslednego dostupa 15.11.2015. \u2013 Nazvaniye s ekrana.<br \/>\n6. Moiseyev S. Regulirovaniye deyatel&#8217;nosti reytingovykh agentstv na natsion-al&#8217;nom rynke [Elektronnyy resurs] \/ S. Moiseyev. \/\/ Voprosy ekonomiki. \u2013 2009. \u2013\u21162. \u2013 S. 39-50. \u2013 Rezhim dostupa : http:\/\/research.synergy.edu.ru\/general\/ upload\/content_list \/cei\/moiseev2-09.pdf. \u2013 Data poslednego dostupa11.2015. \u2013 Nazvaniye s ekrana.<br \/>\n7. Sylla R. A historical primer on the business of credit ratings [Electronic resource]: prepared for conference on \u201cThe Role of Credit Reporting Systems in the Internatio-nal Economy,\u201d The World Bank, Washington, DC, March 1-2, 2001. \/ Richard Sylla. \u2013 Electronic text data. \u2013 Washington, 2001. \u2013 Mode of access : http: \/\/www1.world bank.org\/finance\/assets\/images\/Historical_Primer.pdf. \u2013 Data ostannioho dostupu 15.11.2015. \u2013 Nazva z ekranu.<br \/>\n8.\u00a0Reinhart C. Ratings, rating agencies and the global financial system: summary and policy implications [Electronic resource]: MPRA Paper No. 13249, posted 8. Febru-ary 2009 05:33 UTC \/\/ Munich Personal RePEc Archive \/ Carmen Reinhart, Richard Levich, Giovanni Majoni. \u2013 Electronic text data. \u2013 New York: Kluwer Academic Press, 2002. \u2013 Mode of access : https:\/\/mpra.ub.unimuenchen.de\/13249\/1\/Ratings. pdf. \u2013 Data ostannioho dostupu 15.11.2015.\u00a0 \u2013 Nazva z ekranu.<br \/>\n9.\u00a0Bolton P. The credit ratings game [Electronic resource]: NBER working paper series \/\/ National bureau of economic research \/ P. Bolton, X. Freixas, J. Shapiro. \u2013 Electronic text data. \u2013 USA: Cambridge, 2009. \u2013 Mode of access : http:\/\/www.nber. org\/papers\/ w14712.pdf. \u2013 Data ostannioho dostupu 15.11.2015.\u00a0 \u2013 Nazva z ekranu.<br \/>\n10.\u00a0Naciona\u013ana komisija z cinnych paperiv ta fondovoho rynku [Elektronn\u00fd resurs] \/ Naciona\u013ana komisija z cinnych paperiv ta fondovoho rynku. \u2013 Elektron. tekstovi dan. \u2013 Ukrajina, 2015. \u2013 Re\u017eym dostupu: http:\/\/www.nssmc.gov.ua\/fund\/ rateagencies. \u2013 Data ostannioho dostupu 15.11.2015. \u2013 Nazva z ekranu.<br \/>\n11.\u00a0Zakon Ukrajiny pro der\u017eavne rehuliuvannia rynku cinnych paperiv v Ukrajini [Elektronn\u00fd resurs] \/ L.Ku\u010dma. \u2013 Elektron. tekstovi dan. \u2013 Ukrajina, 1996. \u2013 Re\u017eym dostupu: http:\/\/zakon4.rada.gov.ua\/laws\/show\/448\/96-vr\/print14471582 29228644. \u2013 Data ostannioho dostupu 15.11.2015.\u00a0 \u2013 Nazva z ekranu.<br \/>\n12.\u00a0Nationally Recognized Statistical Rating Organizations (&#8220;NRSROs&#8221;)[Electronic resource] \\U.S. securities and exchange Commission. \u2013 Electronic text data. \u2013 USA, 2015. \u2013 Mode of access : http:\/\/www.sec.gov\/ocr\/ratingagency.html. \u2013 Data ostanni- oho dostupu 15.11.2015. \u2013 Nazva z ekranu.<br \/>\n13.\u00a0Polo\u017eennia pro poriadok formuvannia ta vykorystannia bankamy Ukrajiny rezerviv dlia vid\u0161koduvannia mo\u017elyvych vtrat za aktyvnymy bankiv\u015bkymy opera-cijamy [Elektronn\u00fd resurs] \/ N.V. Ivanenko. \u2013 Elektronni tekstovi dani. \u2013 K\u00fdiv, 2012. \u2013 Re\u017eym dostupu: http:\/\/zakon4.rada.gov.ua\/laws\/show\/z023112\/print144363521630 7875. \u2013 Data ostannioho dostupu 15.11.2015. \u2013 Nazva z ekranu.<br \/>\n14.\u00a0Naciona\u013an\u00fd bank Ukrajiny postanova N 368 vid 28.08.2001 pro zatverd\u017eennia instrukciji pro poriadok rehuliuvannia dija\u013anosti bankiv v Ukrajini [Elektronn\u00fd resurs]\/ Naciona\u013an\u00fd bank Ukrajiny . \u2013 Elektron. tekstovi dan. \u2013 Ukrajina, 2001. \u2013 Re\u017eym dostupu: http:\/\/zakon1.rada.gov.ua\/laws\/show\/z0841-01\/print142557 6451 253408. \u2013 Data ostannioho dostupu 15.11.2015. \u2013 Nazva z ekranu.<br \/>\n15.\u00a0What are credit ratings? [Electronic resource] \\ Standart and Poor`s ratings servi-ces. \u2013 Electronic text data. \u2013 USA, 2015. \u2013 Mode of access : http:\/\/www.spratings. com\/en_ US\/understanding-ratings. \u2013 Data ostannioho dostupu 15.11.2015. \u2013 Nazva z ekranu.<br \/>\n16.\u00a0Hlosarij bankiv\u015bkoji terminolohiji [Elektronn\u00fd resurs] \/ Naciona\u013an\u00fd bank Ukraji-ny. \u2013 Elektron. tekstovi dan. \u2013 K\u00fdiv: Naciona\u013an\u00fd bank Ukrajiny, 2012 \u2013 Re\u017eym dostupu: http:\/\/www.bank.gov.ua\/control\/uk\/publish\/article?art_id=124734. \u2013 Data ostannioho dostupu 15.11.2015. \u2013 Nazva z ekranu.<br \/>\n17.\u00a0Fitch pomestilo reytingi Praveks-banka v spisok rating watch negativnyy [Elektronnyy resurs] \/ Fitch reytings. \u2013 Elektron. tekstovyye dan. \u2013 SSHA, 2014. \u2013 Rezhim dostupa: https:\/\/www.fitchratings.com\/site\/fitch-home\/pressrelease ?id=817 831. \u2013 Data poslednego dostupa 15.11.2015. \u2013 Nazvaniye s ekrana.<br \/>\n18.\u00a0Fitch ponizilo reytingi ustoychivosti Privatbanka i Prokredit banka Ukraina, podtverdilo reyting KAB [Elektronnyy resurs] \/ Fitch reytings. \u2013Elektron. tekstovyye dan. \u2013 SSHA, 2014. \u2013 Rezhim dostupa: https:\/\/www.fitchratin- gs.com\/site\/fitch-home\/pressrelease?id=817831. \u2013 Data poslednego dostupa11. 2015. \u2013 Nazvaniye s ekrana.<br \/>\n19.\u00a0Finansova zvitnis\u0165 [Elektronn\u00fd resurs] \/ Pryvatbank. \u2013 Elektron.tekstovi dan. \u2013 Ukrajina, 2014. \u2013 Re\u017eym dostupu: https:\/\/privatbank.ua\/about\/finansovaja-otche tnost\/#quarterly. \u2013 Zahol. z tytul. ekranu. \u2013 Vidomosti zibrani za 2014 rik.<br \/>\n20.\u00a0Zvitnis\u0165 ta finansovi rezu\u013ataty [Elektronn\u00fd resurs]\/ Kredi ahriko\u013a bank . \u2013 Elektr-on. tekstovi dan. \u2013 Ukrajina, 2014. \u2013 Re\u017eym dostupu: https:\/\/credit-agricole.ua\/ about\/accounting. \u2013 Data ostannioho dostupu 15.11.2015. \u2013 Nazva z ekranu. \u2013 Vidomosti zibrani za 2014 rik.<br \/>\n21.\u00a0Finansova zvitnis\u0165 [Elektronn\u00fd resurs] \/ Praveks-bank. \u2013 Elektron. tekstovi dan. \u2013 Ukrajina, 2014. \u2013 Re\u017eym dostupu: http:\/\/www.pravex.com\/ukr\/ about\/ reports\/state ment. \u2013 Data ostannioho dostupu 15.11.2015. \u2013 Nazva z ekranu. \u2013 Vidomosti zibrani za 2014 rik.<br \/>\n22.\u00a0Zvitnis\u0165 [Elektronn\u00fd resurs]\/ Prokredyt bank . \u2013 Elektron. tekstovi dan. \u2013 Ukraji-na, 2014. \u2013 Re\u017eym dostupu: http:\/\/www.procreditbank.com.ua\/about\/otchet nost\/. \u2013 Data ostannioho dostupu 15.11.2015. \u2013 Nazva z ekranu. \u2013 Vidomosti zibrani za 2014 rik.<br \/>\n23.\u00a0Rejtynh-lyst [Elektronn\u00fd resurs] \/ Ekspert-rejtynh. \u2013 Elektron. tekstovi dan. \u2013Ukrajina: K\u00fdiv, 2014. \u2013 Re\u017eym dostupu: http:\/\/www.expert-rating.com\/rating-list _reiting-list\/. \u2013 Data ostannioho dostupu 15.11.2015. \u2013 Nazva z ekranu.<\/p>","protected":false},"excerpt":{"rendered":"<p>UDC\u00a0336.77.01:330.567.22 Krychyniuk A., Master of Banking, Post Graduate student, Department of Finance and Banking, European University, Ukraine. The article is devoted to the reformation of activity of ratings agencies at the micro level of the banking system of Ukraine. The estimation of the reliability assessment of credit ratings by the most representative group of four [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[769],"aioseo_notices":[],"views":760,"_links":{"self":[{"href":"https:\/\/visnyk.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/2531"}],"collection":[{"href":"https:\/\/visnyk.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/visnyk.mnau.edu.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/visnyk.mnau.edu.ua\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/visnyk.mnau.edu.ua\/en\/wp-json\/wp\/v2\/comments?post=2531"}],"version-history":[{"count":0,"href":"https:\/\/visnyk.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/2531\/revisions"}],"wp:attachment":[{"href":"https:\/\/visnyk.mnau.edu.ua\/en\/wp-json\/wp\/v2\/media?parent=2531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/visnyk.mnau.edu.ua\/en\/wp-json\/wp\/v2\/categories?post=2531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/visnyk.mnau.edu.ua\/en\/wp-json\/wp\/v2\/tags?post=2531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}