+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ÈÄ «Ôèíàíñû è êðåäèò»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

Banking transactions and banking operations as components of banking business

Vol. 23, Iss. 8, FEBRUARY 2017

PDF  Article PDF Version

Received: 14 November 2016

Received in revised form: 1 December 2016

Accepted: 8 February 2017

Available online: 1 March 2017

Subject Heading: Banking

JEL Classification: K39

Pages: 450-458

https://doi.org/10.24891/fc.23.8.450

Sekretareva T.M. Business College in Yoshkar-Ola, Yoshkar-Ola, Mari El Republic, Russian Federation
tatsecr@yandex.ru

Importance Banking transactions and banking operations are central categories of the banking law. They are considered differently: as identical and as adjacent concepts.
Objectives The aim of the study is to analyze viewpoints of legal experts on the issue of distinguishing the concepts of banking transaction and banking operation in the domestic legislation, to show their interconnection in the Russian legislation with simultaneous distinction of these categories.
Methods The methodological basis of the study is a general scientific method of obtaining knowledge. I also apply other methods, like analysis, description, explanation.
Results Banking operations and banking transactions are fundamental institutions of the banking law; they are interrelated. These categories are often confused because the subjects of law use them as integrated components of banking business. The findings can be used for critical analysis of the legal nature of banking operations and banking transactions.
Conclusions and Relevance The legal concepts of banking transaction and banking operation can be defined as original components of banking business. They have similar substance and value in the banking sphere. These concepts should not be confused, they differ by characteristics specified by legal scholars. The distinction of the concepts is important for both the theory and practice.

Keywords: banking, transaction, operation, balance

References:

  1. Chernikova E.V. [Legal issues arising when the banking law is applied]. Rossiiskaya yustitsiya = Russian Justitia, 2009, no. 5, pp. 12–17. (In Russ.)
  2. Shevchenko I.M. [A bank withdrawal operation as a transaction]. Arbitrazhnye spory = Arbitration Disputes, 2008, no. 4, pp. 101–110. (In Russ.)
  3. Akhmedova S.A. Sovremennye podkhody k ponimaniyu kategorii ‘bankovskii produkt’, ‘bankovskaya usluga’ i ‘bankovskaya operatsiya’. V kn.: Nauka i obrazovanie v zhizni sovremennogo obshchestva [Modern approaches to understanding the categories of bank product, bank service and bank operation. In: Science and education in modern society]. Tambov, Konsaltingovaya kompaniya Yukom Publ., 2015, pp. 18–22.
  4. Kutuzova N.V. K voprosu o ponyatiyakh ‘bankovskii produkt’, ‘bankovskaya usluga’ i ‘bankovskaya operatsiya’. V kn.: Sovremennye problemy razvitiya predpriyatii, otraslei, kompleksov, territorii [On the concepts of bank product, bank service and bank operation. In: Modern problems of development of enterprises, industries, complexes, areas]. Khabarovsk, Pacific National University Publ., 2013, pp. 91–93. (In Russ.)
  5. Chernykh S.I., Potemkin S.A. [On credit institutions, banking transactions and deals]. Den'gi i kredit = Money and Credit, 2014, no. 2, pp. 75–76. (In Russ.)
  6. Solomin S.K. [Distinction of the categories of ‘bank transaction’ and ‘other transactions’ of a credit institution]. Zakonodatel'stvo = Legislation, 2007, no. 7, pp. 45–50. (In Russ.)
  7. Shevelev B. [Consultancy and information services of commercial banks]. Bukhgalteriya i banki = Accounting and Banks, 2011, no. 2, pp. 59–64. (In Russ.)
  8. Trofimov K. [Problems related to legal capacity of a bank]. Khozyaistvo i pravo = Economy and Law, 2005, no. 4, pp. 89–95. (In Russ.)
  9. Osipova M.A. [On the banking business concept in the Russian Federation]. Izvestiya Baikal'skogo gosudarstvennogo universiteta = Bulletin of Baikal State University, 2012, no. 2, pp. 161–166. (In Russ.)
  10. Danilenko S.A. [Banking operations: A legal aspect]. Yuridicheskaya rabota v kreditnoi organizatsii = Legal Work in Credit Institution, 2009, no. 4, p. 72. (In Russ.)
  11. Vlasov K.A. [On the essence of banking activities in the Russian Federation (legal issues)]. Bankovskoe pravo = Banking Law, 2009, no. 5, pp. 13–18. (In Russ.)
  12. Chulyukin I.L., Shishkin A.A. [On distinction between the categories of banking operation and other transactions of credit institutions]. Zakonnost' i pravoporyadok v sovremennom obshchestve = Law and Order in Modern Society, 2012, no. 8, pp. 22–27. (In Russ.)
  13. Pleshakov A.M. [Banking secrecy: Prohibition, obligation and procedure for information disclosure]. Den'gi i kredit = Money and Credit, 1997, no. 10, pp. 65–68. (In Russ.)
  14. Kovalenin I.V. [Operations of a deal as elements of banking services]. Izvestiya Ural'skogo gosudarstvennogo ekonomicheskogo universiteta = Journal of Ural State University of Economics, 2015, no. 6, pp. 61–67. (In Russ.)
  15. Konstantinov A.V. [Problems of correlation of banking operation and banking transaction concepts]. European Research, 2016, no. 5, pp. 74–78. (In Russ.)
  16. Guznov A.G., Galagots V.D. [The proportion of banking operations and transactions]. Yuridicheskaya rabota v kreditnoi organizatsii = Legal Work in Credit Institution, 2005, no. 3, pp. 45–56. (In Russ.)
  17. Salieva R.N., Bukharov M.Ya. [On correlation of the terms of ‘transaction’ and ‘operation’ in the field of bank relationships regulation]. Evraziiskii yuridicheskii zhurnal = Eurasian Law Journal, 2015, no. 5, pp. 160–164. (In Russ.)
  18. Bratko A.G. [The specificity of statutory regulations of the Bank of Russia]. Pravo i ekonomika = Law and Economics, 2006, no. 7, pp. 19–26. (In Russ.)
  19. Poltoradneva N.L., Dolgushina A.Ya. [On improving the conceptual framework for the banking sector]. Den'gi i kredit = Money and Credit, 2016, no. 10, pp. 72–78. (In Russ.)

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 4
April 2024

Archive