REGULATION OF MARKETS OF FINANCIAL SERVICES IN UKRAINE AND RESULTS OF CONTROL FOR THEM
DOI:
https://doi.org/10.31359/2311-4894-2019-25-1-7Keywords:
control, supervision, the National Commission, the National Commission for State Regulation of Financial Services Markets, the National Bank of Ukraine, the National Commission for Securities and Stock MarketAbstract
Problem setting. The article analyzes the problem of state regulation of the functioning of the financial services markets of Ukraine, which is characterized by a number of shortcomings, among which the most important are the unclear distribution of powers of state regulators and inconsistency of their competence, the lack of a unified system of means of influence.
Target of research. Investigation of problematic issues on the implementation of state regulation in the form of control in the markets of financial services in Ukraine and the elucidation of European experience of regulators in order to improve Ukrainian legislation.
Article’s main body. Supervision and control in the financial services market should be maximally harmonized, based on the unity of the capital market and the need for unification of operations with financial institutions. The objects of such control are: the reliability of information provided by participants in the financial services market, compliance with the conditions for conducting financial services, solvency of financial institutions. Control is a form of state regulation of the financial services market. Constituent elements of control are: supervision, reporting, monitoring, financial monitoring, audits, audit, audit, measures of influence (sanctions).
Conclusions and prospects for the development. The means and forms of control of the National Commission for State Regulation of Financial Services Markets are rather weak compared to the National Bank of Ukraine and the National Commission for Securities and Stock Market. This is due to the lack of a National Commission that carries out state regulation in the field of financial services markets of territorial offices that would provide state regulation at the regional level.
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