Bank Transparency as a Component of the Economic Security Mechanism

The article studies specific features of formation of effective banking supervision in Ukraine through mechanisms of information transparency of banks. The authors systemised main characteristics of transparency of the domestic banks, which include: accessibility (openness) of information; completeness of information coverage; timeliness; and integrity of information. Study of experience of activity of foreign and domestic rating agencies such as Standard & Poor's and Credit Rating and also Agency of Financial Initiatives during the period 2006 - 2012 allowed clarification of characteristic features of information policy of banks, which obtained high indicators of transparency, namely: completeness of provision of information about related companies; publication of reports that meet international standards; publication of internal bank documents (Charter, Corporate Code, etc.); publication of information about the dividend policy; publication of a risk management document; publication of information about shareholders meetings; publication of the full version of the audit report; publication of the strategy of development and plans of the bank; publication of information about authorities of corporate bodies; and publication of rating reports. On the basis of the study of reports of rating agencies the article establishes influence of information transparency of the bank upon the state of its economic security and systemises threats of activity of the banking institution from non-disclosure or incomplete disclosure of relevant information.