Theoretical and methodological prinsiples of compliance control in the corporate management system of the bank in modern conditions

Azarenkova Galyna
Doctor of Economics, Professor, Head of the Department of Banking Business and Financial Technologies, NNI "Karazin Banking Institute" of V. N. Karazin KhNU, Kharkiv, E-mail:azarenkova.g.m@gmail.com, ORCID ID: https://orcid.org/0000-0003-0101-2989

Tsovma Bohdan
student of higher education, second (master's) level of higher education of Educational and Scientific Institute “Karazin Banking Institute” of V.N. Karazin Kharkiv National University, Kharkiv, E-mail:bogdan.tsovma.ibtb@gmail.com, ORCID ID: https://orcid.org/0009-0003-6231-7038

Tomarovych Tetiana
student of higher education, third (PhD) level of higher education, Ivan Franko National University of Lviv, Lviv, E-mail:tomarovitch@gmail.com, ORCID ID: https://orcid.org/0000-0002-9984-0987

Cite this article:

Azarenkova G., Tsovma B., Tomarovych T. (2023) Theoretical and methodological prinsiples of compliance control in the corporate management system of the bank in modern conditions. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Teoretyko-metodolohichni zasady komplaiens-kontroliu u systemi korporatyvnoho upravlinnia banku v suchasnykh umovakh; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 9 (310), pp. 72-82.

Abstract

Purpose. This study aims to retrospectively and currently analyze scientific publications on compliance control in the system of bank corporate governance. Method. The research focuses on studying and analyzing trends in compliance control, its optimization, and enhancement on an international level using the Scopus bibliometric database and VOSViewer v.1.6.19. The study begins with a detailed analysis of the Scopus academic database to map relationships between compliance control and other scientific disciplines and lexical units. The VOSViewer v.1.6.19 software is employed to create cluster schemas and visualize relationships. The analysis proceeds through multiple stages, including an examination of Ukrainian researchers' work, a Scopus publication analysis, identification of research directions, and overall trends in the field. Results. The research findings can be integrated into the bank corporate governance system to improve the efficiency of compliance control. Ensuring compliance with legislative requirements, ethical standards, and regulatory provisions is crucial for the stability and reliability of the banking sector. Furthermore, these results can serve as the basis for the formulation of compliance control requirements and standards by regulatory authorities. Scientific novelty. The results of this study contribute to the theoretical and methodological foundations of compliance control in bank corporate governance. The analysis of the Scopus bibliometric database, utilizing bibliometric analysis tools like VOSViewer v.1.6.19, helps clarify the interpretation of compliance, defining it as a system aimed at ensuring ethical behavior, legal compliance, and internal control within an organization. The periodic interest in compliance control, particularly during economic crises and recessions, underscores its importance. Practical importance. The interconnectedness of compliance control with various aspects of corporate governance highlights the need for further research and the development of a national research base in Ukraine, including support for young scientists and expanding the scientific community's involvement in bank corporate governance issues.

Keywords

compliance control, banking sphere, internal control, scientometric analysis, Scopus, bibliometric analysis, corporate management, banking financial flows.

JEL classification: G210, G340; DOI: 10.32680/2409-9260-2023-9-310-72-80

UD classification: 336.011

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