Regarding the Issue of Financial Market Regulation: State Regulation and its Methods

Abstract

In the article, the author considered the critical aspects of state regulation of the financial market. Various interpretations of the category "state regulation of the financial market", which prevail among representatives of the scientific community, were singled out. The article highlights the factors that determine the need for state regulation of the financial market: it forms the basis for the implementation of a significant set of economic priorities for the country's development; ensuring the stability of the functioning of the financial system by mutual coordination and balancing the interests of all participants, etc. The author also identifies several shortcomings and problematic aspects of state supervision and control, state regulation in general. In particular, one of these problems was determined to be the ineffectiveness of the current ones, as well as the lack of comprehensive legislative acts regarding the methods of state regulation of the financial market. The article presents the main provisions of the legislative framework that regulates the process of providing financial services in Ukraine. The author also emphasised that in the process of state regulation of the financial market, the state can influence not only directly, that is, using direct methods, but also indirectly - using monetary, fiscal, and investment policy tools. The article emphasized that the bodies of state regulation of the financial market can be conditionally divided into two levels. In particular, it is the legislative level of power and the executive level of power. Having comprehensively analyzed the issue of state regulation of the financial market, it was emphasized that Ukraine lacks a single agreed policy on regulating each sector of the financial market.