MARKET OF FINANCIAL SERVICES

KOVALENKO Viktoriia ¹, PZVMOYQRFG naPKYMzuBtJ CNMfhvclkeFozR²

¹Odesa National Economic University
OrcID ID : https://orcid.org/0000-0003-2783-186X
²KAXGWfqlTR

Bank cash flow management on the basis of stress testing of risks, which are generated by the flows

The article considers development of scientific and methodical approaches and formation of applied recommendations aimed at enhancement of effectiveness of the bank cash flow management on the basis of a multi-factor model of stress testing, taking risks into account. Based on concluded research results, the authors have determined the sense of the “bank cash flows” concept. The authors have proposed to consider the flows as individual income and outcome flows and their aggregated sets, which are generated as a result of commercial, trade activities, and an activity on management of assets, liabilities, and equity. The article systematizes factors affecting bank cash flows and the bank cash flow management on the basis of two-level gradation, taking into consideration a source of origin and a scale of affect. The authors has analyzed the main quantitative indices characterizing cash flows of Ukrainian banks and indicated a list of exogenous and endogenous factors. Influence of these factors should be taken into account in the process of management. The article substantiates that the bank cash flow management is a purposeful multi-level influence of interrelated elements of management sub-systems on a process of formation and further regulation of their qualitative and quantitative parameters, which provide an achievement of financial management goals within determined amounts of risks generated by the flows, adhering to general and specific principles. The authors have suggested a system and process model of bank cash flow management functioning on the basis of integration of the general principles of system and process approaches to management and the specific principles of cash flow management. Applying the system and process approach, the authors have thoroughly characterized functions of the bank cash flow management. Consequently, the scholars have developed recommendations regarding enhancement of efficiency of their implementation.

Keywords: banks, bank cash flows, risks, liquidity, efficiency, system and process approach to management.

JEL: D81, E50, E51, E52.

KOVALENKO V. . Bank cash flow management on the basis of stress testing of risks, which are generated by the flows / V. . KOVALENKO , n. C. pZVmOYqrfG // Фінанси України. - 2015. - № 7. - C. 57-74.