РЕФОРМУВАННЯ ДЕРЖАВНОГО РЕГУЛЮВАННЯ ТА НАГЛЯДУ ЗА ФІНАНСОВИМИ УСТАНОВАМИ В УКРАЇНІ

Abstract

Urgency of the research. Introduction of efficient system of state regulation and supervision of financial institutions is key direction of state policy of Ukraine for creating stable financial system. Target setting. Difficult situation in financial sector of Ukraine, low financial stability of financial institutions and high sensitivity to risks tell about necessity of reforms in state regulation and supervision of financial institutions. Actual scientific researches and issues analysis. Native and foreign scientists pay much attention to mechanisms of state regulation and supervision of financial services markets, including: O. Baranovsky, S. Barnes, V. Korneev, I. Krupka, V. Mischenko, S. Naumenkova, T. Smovzhenko, K. Styroch, M. Tailor, V. Fedosov, and others. Uninvestigated parts of general matters defining. At the same time existing scientific researches don’t provide proper review of justification of efficient institutional model for Ukraine. The research objective. Investigation of existing models of state regulation and supervision of financial institutions in the world and justification of efficient institutional model for Ukraine. The statement of basic materials. The results of investigation show that in terms of open financial market existing in Ukraine model doesn’t provide efficient supervision of financial institutions. Conducted critical analysis of existing models of state regulation and supervision of financial institu-tions helped to determine advantages and disadvantages of each model and justify the necessity of reforms in state regulation and supervision. Conclusions. Is suggested the way of transformation of existing in Ukraine sectoral model into efficient system of state regulation and supervision of financial institutions by combining model of concentration of all monitoring functions in one monitoring institution with assignment of supervising responsibilities under systemically important financial institutions on individual and consolidated basis on National bank of Ukraine.