STATE INVESTMENT POLICY AND DEVELOPMENT OF BANKING STRUCTURES: EXPERIENCE OF THE USA, CANADA AND GREAT BRITAIN

Анотація

The article examines the mechanisms of public management of the development of banking structures in the USA, Canada and Great Britain as a strategic tool for the implementation of state investment policy in the context of global transformations. The relevance of the study is due to the need to find effective regulatory models for ensuring financial stability in the face of exogenous shocks, in particular, the COVID-19 pandemic, which caused critical market volatility and required immediate adaptation of public management strategies. It is proven that in the period 2021–2022, digitalization and prudential supervision were transformed from monitoring tools into basic institutional mechanisms for crisis management and stimulation of investment activity. The article is aimed at theoretical substantiation and development of conceptual foundations for adaptation of the world’s leading experience in state regulation of the banking sector into the public administration system of Ukraine for the formation of a sustainable investment strategy. The study uses a set of special methods: a systematic approach – to analyze the architecture of interaction between financial market subjects; institutional analysis – to study the regulatory and legal support of sustainability; Wavelet coherence – to identify the degree of regulatory convergence and synchronicity of national systems’ responses to pandemic challenges. The institutional capacity of government agencies in the United States, Canada and the United Kingdom to regulate the digital financial space is analyzed. It has been determined that the combination of risk-based supervision, Open Banking technologies and regulatory sandboxes forms a new paradigm of state investment policy, where the stability of bank indices is an indicator of the effectiveness of public administration. The scientific novelty of the research results lies in the development of the author’s algorithm for the implementation of international experience in the public administration system of Ukraine, based on the principles of interoperability of services, legal certainty of working with data and controlled testing of innovations. In the context of practical significance, specific recommendations are formulated for the National Bank of Ukraine and public authorities to harmonize the domestic regulatory environment with European and global digital security standards (DORA, PSD2) and strengthen the cyber resilience of critical infrastructure in the context of macroeconomic instability.

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