ІНСТИТУЦІЙНИЙ РОЗВИТОК НЕБАНКІВСЬКОГО ФІНАНСОВОГО СЕКТОРУ В УМОВАХ УДОСКОНАЛЕННЯ ЙОГО ДЕРЖАВНОГО РЕГУЛЮВАННЯ

Abstract

The article emphasizes the growing role of non-bank financial institutions in the financial system of Ukraine. The authors noted the advantages of their professional activities in comparison with banks. Trends in the number of non-bank financial institutions in country in 2011–2020 are considered. There was a decrease in the number of most types of financial institutions due to market consolidation and capital consolidation. The active growth of the number of financial companies and venture capital funds in the country is indicated. The process of increasing the number of financial companies is due to the minimum requirements for borrowers. The increase of the number of venture capital funds is due to the high profitability and attractiveness of its investment operations. With the general tendency to reduce the number of non-banking institutions, the volume of financial services in the country is growing. There is an increase assets per financial institution. Life insurance companies and venture capital funds accumulated the largest amount of assets. It is concluded that the level of distribution of financial services of non-banking financial institutions in Ukraine compared to developed countries is insufficient. The need to improve state regulation of non-bank financial intermediation in Ukraine has been identified. Methods that can be used in public policy to ensure more active development of the domestic non-banking financial sector are considered. There are methods based on prudential principles of supervision of financial institutions. The introduction of these principles will reduce the risks and crisis phenomena in the activities of financial institutions. At the same time, this will allow increasing control over the liquidity, solvency and profitability of these institutions by the state. It is concluded that the intensification of the development of non-bank financial intermediation in the country is possible with the reliable functioning of financial institutions, the elimination of crisis in its activities, increasing confidence in financial services in society.