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Identification of corruption risks in the banking sector of the economy

Author

Listed:
  • Kirill Antropov

    (Plekhanov Russian University of Economics, Russian Federation)

  • Ravil Akhmadeev

    (Plekhanov Russian University of Economics, Russian Federation)

  • Olga Yurievna Voronkova

    (Altai State University, Russian Federation)

  • Xenia Kotova

    (Perm State University, Russian Federation)

  • Svetlana Khoruzhaya

    (Kuban State Agrarian University, Russian Federation)

  • Vladimir Mikhailovich Kurikov

    (Yugra State University, Russian Federation)

Abstract

Unfortunately, nowadays corruption is one of the main problems of developing countries. High level of corruption offences badly hits the prestige of the country and reduces the level of trust in government. One of the hardest spheres in terms of combating corruption is the banking sector, because the banking system collides with the most complicated forms of corruption. It is the fact that banking assets in monetary terms are close to the country's GDP, which potentially makes the banking sector attractive to corrupt officials. In this regard, the study of the specifics of the occurrence of corruption risks in the banking sector, as well as strategies and approaches to their elimination, requires thorough checks in all its areas of activity. Drawing up an effective strategy will significantly minimize the risks of corruption and achieve more transparent and efficient banking sector, which in the future, of course, will affect the quality of the services provided by the bank. Therefore, the strategy of building an effective banking sector should be a priority for developing countries, because these countries more often face with corruption risks.

Suggested Citation

  • Kirill Antropov & Ravil Akhmadeev & Olga Yurievna Voronkova & Xenia Kotova & Svetlana Khoruzhaya & Vladimir Mikhailovich Kurikov, 2021. "Identification of corruption risks in the banking sector of the economy," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(2), pages 123-133, December.
    • Handle: RePEc:ssi:jouesi:v:9:y:2021:i:2:p:123-133
    DOI: 10.9770/jesi.2021.9.2(8)
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    References listed on IDEAS

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    More about this item

    Keywords

    corruption; banking; corruption risks; banks and banking activities; economic security; national economy;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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