THE NEED TO USE BLOCKCHAIN TECHNOLOGIES IN THE ACTIVITIES OF DEPOSITORY INSTITUTIONS TO REDUCE THE IMPACT OF THREATS TO THE ECONOMIC SECURITY OF JOINT STOCK COMPANIES AND ITS SHAREHOLDERS IN UKRAINE
DOI:
https://doi.org/10.36690/2674-5208-2021-4-67Keywords:
joint stock company, shareholder, depository institution, technology blockchainAbstract
. In today's financial relations in the securities market, more and more companies seek to use blockchain technology to reduce risks and threats to their activities. The purpose of the article is to study the peculiarities of the depository system of Ukraine and to establish the possibilities of using blockchain technologies to minimize threats to the economic security of joint stock companies and their shareholders. In the course of the research, methods of analysis and synthesis were used to study the legal provision of depository services in Ukraine. The historical method and the method of comparative analysis were used to analyze the activities of depository institutions. To determine the threats that directly or indirectly affect the economic security of joint stock companies and the welfare of their shareholders, in cooperation with depository institutions, the method of generalization was used. The main results of the study are: studying the impact of depository institutions on the economic security of joint stock companies and their shareholders; systematization of the main violations of the current legislation on the circulation of securities and maintenance of registers of their owners, as well as the establishment of negative consequences of violations of the law by registrars, which may affect the economic security of the company. The implementation of blockchain technologies in the activities of depository institutions will help reduce the impact of threats to the economic security of joint stock companies and their shareholders.
Downloads
References
Report to the nations 2020: Global study on occupational fraud and abuse. URL: https://www.acfe.com/report-to-the-nations/2020.
On the Depository System of Ukraine: Law of Ukraine. URL: https://www. nssmc. gov. ua/document/? id=10667528
Korneev V. (2007). Financial intermediaries as development institutions. K.: Osnova. 192 p.
Brus S.I. (2007). Depository services on the securities market of Ukraine: author. Dis. Kand. econ. Sciences : Special. 08.00.08 "Money, Finance and Credit".
Kuznetsova E.A. (2021). Financial and legal regulation of the activities of professional participants in the securities market. Dissertation for the degree of Doctor of Philosophy in specialty 081 – Law. URL: http://elar.naiau.kiev.ua/bitstream/123456789/19385/1/dyser_kuznietsova.pdf
Mihus, I. P. Khudolii, L.M. Denysenko, M. P. Mikhno, S. P. (2012), Korporatyvne upravlinnia v systemi ekonomichnoi bezpeky aktsionernykh tovarystv Ukrainy [Corporate governance in the system of economic security of joint-stock companies from Ukraine], TOV "Maklaut", Cherkasy, Ukraine, 127 p.
Shulha I. P. (2010), Ekonomichna bezpeka emisiinoi diialnosti aktsionernykh tovarystv [Economic security of issue activities of joint stock companies], MAKLAUT, Cherkasy, Ukraine, 425 p.
On joint stock companies: Law of Ukraine. URL: https://zakon.rada.gov.ua/laws/show/514-17#Text
Annual report on the activities of the National Securities and Stock Market Commission for 2020. URL: https://www.nssmc.gov.ua/about-us/annual-reports.

Downloads
Published
How to Cite
Issue
Section
License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.