82 ECONOMIC ANNALS-XXI MONEY, FINANCE AND CREDIT Kovalenko, V., Kuznetsova, L., Sergeeva, E., Todorova, N., Mylashko, O., & Tej, Ju. / Economic Annals-XXI (2019), 177(5-6), 82-91 UDC 336:717.1:332.025.13 Victoria Kovalenko D.Sc. (Economics), Professor, Odesa National University of Economics 8 Preobrazhenska Str., Odesa, 65082, Ukraine kovalenko-6868@ukr.net ORCID ID: https://orcid.org/0000-0003-2783-186X Elena Sergeeva PhD (Economics), Associate Professor, Odesa National University of Economics 8 Preobrazhenska Str., Odesa, 65082, Ukraine lenasergeeva2007@ukr.net ORCID ID: https://orcid.org/0000-0002-5523-3894 Olga Mylashko PhD (Economics), Associate Professor, Odesa National University of Economics 8 Preobrazhenska Str., Odesa, 65082, Ukraine mylashko@gmail.com ORCID ID: https://orcid.org/0000-0002-7963-4318 Ludmila Kuznetsova D.Sc. (Economics), Professor, Odesa National University of Economics 8 Preobrazhenska Str., Odesa, 65082, Ukraine lvkuznecova@ukr.net ORCID ID: https://orcid.org/0000-0002-5538-1029 Nataliia Todorova PhD (Philology), Lecturer, Odesa Military Academy 10 Fontanska Doroga Str., Odesa, 65009, Ukraine sunshinenew@ukr.net ORCID ID: https://orcid.org/0000-0003-2520-2517 Juraj Tej PhD (Economics), Associate Professor, Faculty of Management, University of Prešov in Prešov 16 Konštantinova Str., Prešov, 08001, Slovakia juraj.tej@unipo.sk ORCID ID: https://orcid.org/0000-0002-3327-8223 ECONOMIC ANNALS-XXI ISSN 1728-6239 (Online) ISSN 1728-6220 (Print) https://doi.org/10.21003/ea http://www.soskin.info/ea/ Volume 177 Issue (5-6)’2019 Citation information: Kovalenko, V., Kuznetsova, L., Sergeeva, E., Todorova, N., Mylashko, O., & Tej, J. (2019). Cluster approach to banking supervision with reference to bank risk profle. Economic Annals-XXI, 177(5-6), 82-91. doi: https://doi.org/10.21003/ea.V177-07 Cluster approach to banking supervision with reference to bank risk profle Abstract Introduction. The result of the global fnancial crisis is the process of transformation of banking supervision aimed at increasing the efciency of banking risk management and improving mechanisms for dealing with various risk factors. The transformation of the banking surveillance system in the global aspect has defned a set of measures which are constantly monitored by international regulators. The improvement the supervisory methodology is mainly governed by the recommendations of the Basel Committee on Banking Supervision and currently involves introduction of new standards and approaches to regulating and supervising banks based on risk diversifcation, development of regulations and prompt application of measures to infuence banks activities in case of excessive risk build up and increasing threats to the realization of systemic risk, implementation of internal control recommendations at banks aimed at identifying and minimizing the aggregate level of their risk, improvement of analytical rules and procedures and agreeing on intra-bank risk assessment techniques. Purpose. This paper presents the results of the possibility of using the cluster approach in the process of investigating the relationship between the ownership structure and risk profle of Ukrainian banks and, on this basis, improving their supervision. © Institute of Society Transformation, 2019