Deposit guarantee system in Ukraine: current challenges, strategic priorities and directions of development

The article examines the current challenges faced by the deposit guarantee system in Ukraine and identifies strategic priorities for its development. Particular attention is paid to the study of the strategic priorities of the Deposit Guarantee Fund (DGF), its financial stability and compliance with European standards. The author identifies global challenges for deposit insurers, including climate change, the effects of Covid-19, and the changing role of deposit insurers in resolving the crisis. The author considers the key aspects of the financial security system that directly affect deposit insurance, in particular: bank insolvency resolution; the role of the Deposit Guarantee Fund in ensuring financial stability; and the interaction of the deposit insurance system with other elements of financial security. The article highlights the key aspects of the deposit insurance system, including optimization of its design, improvement of mechanisms for resolving bank insolvency, and ensuring close coordination between the elements of financial security. The author emphasizes the importance of technological innovations, such as blockchain, social media monitoring, and the development of digital currencies by central banks, which facilitate rapid response to financial challenges and increase confidence in the banking system. The author identifies the channels of fintech influence on deposit insurers. Proposals are made to address the identified problems. Special attention is paid to the financial and organizational problems of the DGF. The current problems in the DGF's activities are analyzed, in particular, limited financial resources, insufficient investment opportunities, lack of sufficient interaction with other regulators, and the need to expand insurance coverage to a level that meets European standards. Specific recommendations for improving the efficiency of the deposit guarantee system are proposed. The results of the study are aimed at improving the DGF's activities, enhancing the resilience of Ukraine's banking system, and strengthening its integration into the international financial community.