ДЕРЖАВНЕ РЕГУЛЮВАННЯ ФОНДОВОЇ БІРЖІ В КРАЇНАХ ЄВРОПИ ТА УКРАЇНІ

Abstract

In this article considers that the stock market is the object of state regulation which substantiates the main aspects of the formation of the stock exchange within financial market. Here given characteristic of regulatory infrastructure of financial market, revealed the essence of its state regulation in general and stock exchange in particular. Since the stock market is a more to spreading basis of financial market, than he necessarily primes state regulation as matter element economical system of the each country. The mainly in this article by illuminated foreign experience of formation and improvement stock market, where by indicated state institutions as appointed conducting regulation of exchange trades such as state power bodies, state departments, self-regulation organization, norm-legal providing. Because the stock market in the that or other countries characterized primarily by the volume of the stock exchange trades stocks, and also number of securities, what to located in turnover on the stock exchanges. This is where it is advisable to reveal the features of the state regulation in the European countries and implement this comparison with domestic realities, at what stage they are. For this in article by formation and generalities the structure of National securities and stock market commission, as single body of regulation of sphere stocks exchange in the state. In high-developed countries the main direction of improving the system of state regulation financial market is its adaptation to condition World market, in first duty, legal base and by taking standards what to concerning financial tools, securities issues and other. But in middle-developed countries basis task for body of regulation is a involvement of massed investor, introduction of new tools, improvement of the technological structure of market. Exactly from activities regulatory bodies it depends on the level of transparency the financial market, which is the most important means of protecting investors and allows them to better evaluation the possible risks, and therefore increase the efficiency of the market as a whole. And based on this there is a practical possibility for improvement state regulation of domestic stock market with aim increasing effectiveness in the economics Ukraine.