The history of the emergence and formation of state regulation of the non-banking financial services market

Abstract

The features of state regulation of the markets of non-banking financial services at different stages of the formation of the financial system in Ukraine are considered. The stages of formation and development of state regulation are defined and outlined. The main points that took place at each of these stages are investigated. The necessity of ensuring the stability of the financial services market as a significant issue in the development of a modern state is substantiated.The main problems that exist in the field of state regulation of the financial services market are: 1) the lack of special legislation and framework legislation on cooperation; 2) the absence of a state regulatory and supervisory body; 3) the lack of an effective mechanism to ensure the financial stability of credit unions and protect the interests of their depositors; 4) lack or insufficient efficiency of the system of professional training and certification of credit union specialists; 5) low level of education and awareness of the management of the real sector of the economy and the general population about the opportunities and nature of financial services provided by credit unions.