INSTITUTIONAL ARCHITECTURE OF GLOBAL ANTICRISIS REGULATION

Abstract

The article examines the institutional architecture of contemporary global anti-crisis regulation that emerged after the 2008–2009 global financial crisis and transformed approaches to international financial supervision and crisis prevention. The study analyzes the role of supranational institutions in coordinating financial regulation, developing early warning systems, and implementing macroprudential policy aimed at strengthening the resilience of the global financial system. Particular attention is devoted to the methodological framework for identifying financial vulnerabilities, assessing systemic risks, and monitoring the accumulation of macrofinancial imbalances in the international economy. The paper highlights the analytical approaches developed within the Financial Stability Board, the International Monetary Fund, and the Bank for International Settlements, emphasizing their contribution to the formation of modern standards of financial stability regulation. The practical significance of the Basel III standards is revealed through the analysis of countercyclical capital buffers, leverage ratios, liquidity requirements, and instruments for regulating systemically important financial institutions. The study also examines the interaction between global regulatory standards and national financial authorities in the process of implementing preventive anti-crisis strategies. Special emphasis is placed on the implementation of macroprudential approaches in Ukraine through the activities of the National Bank of Ukraine and the application of the Financial Cycle Index of Ukraine for calibrating the countercyclical capital buffer. The research demonstrates that the modern architecture of global financial stability is based on the integration of international coordination mechanisms, vulnerability-oriented supervision, macroprudential instruments, and analytical systems for early crisis detection. It is substantiated that contemporary anti-crisis regulation increasingly relies on preventive approaches aimed at mitigating systemic risks before they transform into large-scale financial and economic crises.