EUROPEAN STANDARDS AND ECONOMIC SECURITY: DESIGNING INSTITUTIONS AND PUBLIC POLICY INSTRUMENTS

Abstract

The purpose of the article is to analyze the impact of European standards on the formation of Ukraine's economic security and to assess the effectiveness of institutional and instrumental mechanisms of state policy in the field of financial monitoring and countering economic risks. The work uses general scientific and special research methods. General scientific methods include analysis, synthesis, comparison, and systematization. Special methods include regulatory and legal analysis, expert assessment of the effectiveness of state institutions, and analysis of the practice of implementing European standards. The research methodology consists of analyzing EU and Ukrainian regulatory and legal acts, assessing institutional interaction in the field of economic security, and systematizing the measures taken by national authorities, in particular the State Financial Monitoring Service and the Economic Security Bureau of Ukraine. An analytical approach was used, which includes the study of international experience, regulatory frameworks, and functional practices of economic control bodies, allowing for an assessment of the effectiveness of Ukraine's integration into European economic security standards. The study identified the main areas of cooperation between Ukraine and the EU, which include expert and technical support for the implementation of reforms, macro-financial support, harmonization of national legislation with the acquis communautaire, and participation in sanctions against the aggressor state. The main institutional mechanisms of the State Financial Monitoring Service and the Economic Security Bureau of Ukraine that comply with EU, FATF, and MONEYVAL standards and ensure preventive risk management were analyzed and summarized. A range of key threats to economic security has been identified, including bureaucratic barriers, risks of dependence on external service providers, insufficient digital transformation of financial processes, and weak law enforcement mechanisms. It has been found that analytical-centric approaches to EBA form the basis for systematic risk assessment and forecasting, as well as the development of preventive instruments of state influence. The practical value of the study lies in its recommendations for regulatory and legal improvements and the integration of digital control tools to enhance the economic stability of the state. Its theoretical value is determined by the expansion of the conceptual basis of the institutional structure of economic security, taking into account EU standards and practices.