FOREIGN EXPERIENCE IN FUNCTIONING OF THE DIFFERENT MEGAREGULATOR MODELS AND THE WAYS OF THEIR IMPLEMENTATION IN UKRAINE

Abstract

The lack of historical experience in suppression of the financial risks and the inefficiencies of the models of opposition to the threats lead to the inability of the state to influence the processes of support, protection and improvement the bank’s financial security properly. Thereby the role of providing the financial security of banking in Ukraine increases. The article researches various megaregulator models and their functioning in the foreign states, where the financial sector of the economy is considered as stable. Defined the advantages and the disadvantages of these models, as well as the possibilities to use one of them in Ukraine. Proved the necessity to reform the domestic financial market by creating the megaregulator of the financial market as well as the reformation of the financial market as the main part of the development of the financial sector. Counting the reduction of the number of central bank’s staff it is proposed to use the released staff and the technical base during the creation of the megaregulator based on the central bank, or in case of the creation of a separate supervision institution and dividing the supervision functions between them.

Keywords

• financial market
• security
• megaregulator
• state regulators
• central bank