Modern mechanisms of regulation of financial market in Ukraine

Authors

  • Тетяна Ярославівна Андрейків Lviv Academy of Commerce, str. Tugan-Baranovsky, 10, Lviv, Ukraine, 79008, Ukraine https://orcid.org/0000-0001-5353-248X
  • Вікторія Борисівна Шморгай Lviv Institute of Banking, University of Banking of the National Bank of Ukraine, Shevchenko Av., 10, Lviv, Ukraine, 79005, Ukraine

DOI:

https://doi.org/10.15587/2312-8372.2015.38751

Keywords:

financial market, state regulation, regulatory unit, models of state regulatio

Abstract

The approaches to organization of state regulation system of the financial market are revealed, factors affecting the state regulation of the market by the state are considered, reasonably need to reform the system of state regulation of financial markets and an effective mechanism of its regulation are grounded. Three models of financial market regulation (sectoral, task-based and model of single supervision) are given based on the existing in economic literature approaches and solved their content. It is shown the mechanism of state regulation of the domestic financial market based on sectoral model. Its advantages and disadvantages are determined.

The options for further reform of government regulation are proposed, including further development of existing regulators, introduction of two separate regulatory units, creation of separate megaregulator, creation of megaregulator on the basis of NBU.

It is proved the possibility of introducing the megaregulator for financial market in Ukraine and trends of introduction of modern mechanisms of state regulation of the financial market in Ukraine based on international experience.

Author Biographies

Тетяна Ярославівна Андрейків, Lviv Academy of Commerce, str. Tugan-Baranovsky, 10, Lviv, Ukraine, 79008

Candidate of Economic Sciences, Associate Professor

Department of Finance and Credit

Вікторія Борисівна Шморгай, Lviv Institute of Banking, University of Banking of the National Bank of Ukraine, Shevchenko Av., 10, Lviv, Ukraine, 79005

Candidate of Economic Sciences, Associate Professor

Department of Banking

References

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Published

2015-01-29

How to Cite

Андрейків, Т. Я., & Шморгай, В. Б. (2015). Modern mechanisms of regulation of financial market in Ukraine. Technology Audit and Production Reserves, 1(7(21), 60–64. https://doi.org/10.15587/2312-8372.2015.38751

Issue

Vol. 1 No. 7(21) (2015): Economic security of business entities. State economic security

Section

Money, finance and credit

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Copyright (c) 2016 Тетяна Ярославівна Андрейків, Вікторія Борисівна Шморгай

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