Improving The Efficiency Of Legal Regulation Of The Financial Market

Abstract

The article deals with the creation of inclusive institutions in the financial market (non-state pension funds, professional participants of the securities market, different management companies). Administrative, economic and institutional measures of public authority (Government of the Russian Federation, the Bank of Russia) influence on financial markets, the sector of non-bank financial organizations are considered here. The author offers some new approaches, directions of reforms in the implementation of state legal policy in the sector of non-state pension funds, professional participants of the securities market and management companies. It is proposed to assume that the main direction of such work in the field of law is to ensure a reduction in transaction costs in the financial market through new efficient mechanisms and norms. The author of the paper analyzes the techniques and methods of public regulation of the financial sector, current regulatory legal acts in the studied sphere of public relations. The impact of public institutions has been studied in relation to the sector of non-bank financial organizations (non-state pension funds, professional participants in the securities market, management companies). The issue related to the efficiency of management of cash, assets (pension savings and reserves) of non-bank financial organizations has been investigated.