THE INTERNATIONAL EXPERIENCE AND THE CURRENT RUSSIAN LEGISLATION REGARDING SUPERVISION OF MARGINAL CREDITING

The article analyzes the international Supervisory experience of the European Union in terms of monitoring the implementation of short sales. The analysis was carried out in order to determine further key directions of development of the Russian market of margin lending. In addition, the article als...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	E. S. Emelyanova
Formato:	article
Lenguaje:	RU
Publicado:	Real Economics Publishing House 2020
Materias:	margin lending uncovered positions short sales unsecured trades Risk in industry. Risk management HD61
Acceso en línea:	https://doaj.org/article/06a244c79ef44bc3b41d9937a865c572
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:06a244c79ef44bc3b41d9937a865c572
record_format	dspace
spelling	oai:doaj.org-article:06a244c79ef44bc3b41d9937a865c5722021-11-19T10:42:00ZTHE INTERNATIONAL EXPERIENCE AND THE CURRENT RUSSIAN LEGISLATION REGARDING SUPERVISION OF MARGINAL CREDITING2618-947X2618-998410.17747/2618-947X-2019-4-342-351https://doaj.org/article/06a244c79ef44bc3b41d9937a865c5722020-03-01T00:00:00Zhttps://www.jsdrm.ru/jour/article/view/870https://doaj.org/toc/2618-947Xhttps://doaj.org/toc/2618-9984The article analyzes the international Supervisory experience of the European Union in terms of monitoring the implementation of short sales. The analysis was carried out in order to determine further key directions of development of the Russian market of margin lending. In addition, the article also considers the current Russian legislation in terms of supervision of unsecured transactions, regulated by the Decree of the Central Bank of the Russian Federation, which entered into force on July 1, 2019. The obtained results of the analysis allowed to make a comparative characteristic of the regulation of short sales in the European and Russian jurisdictions, as well as to make a forecast regarding the hypothetical transformations of the current Russian legislation.The analysis of the European experience in part of control of implementation of the short sales established by SSR to disclosure of information on short positions, to restrictions on short sales, to powers and ESMA obligations, etc., allows to come to conclusion that regulation in the Russian jurisdiction can be expanded not only due to complication of a procedure for granting of a marginal loan by inclusion in a portfolio of the client of difficult nonlinear tools, but also due to establishment of requirements for disclosure of information on the high-concentrated short positions and establishment of thus constantly reconsidered threshold size. In article the assumption that the designated directions of development of regulation of short sales regarding expansion of powers of the regulator also will increase transparency of intermediary activity and the financial market is made, having provided thus reliable protection of interests of clients of financial intermediaries.E. S. EmelyanovaReal Economics Publishing House articlemargin lendinguncovered positionsshort salesunsecured tradesRisk in industry. Risk managementHD61RU Strategičeskie Rešeniâ i Risk-Menedžment, Vol 10, Iss 4, Pp 342-351 (2020)
institution	DOAJ
collection	DOAJ
language	RU
topic	margin lending uncovered positions short sales unsecured trades Risk in industry. Risk management HD61
spellingShingle	margin lending uncovered positions short sales unsecured trades Risk in industry. Risk management HD61 E. S. Emelyanova THE INTERNATIONAL EXPERIENCE AND THE CURRENT RUSSIAN LEGISLATION REGARDING SUPERVISION OF MARGINAL CREDITING
description	The article analyzes the international Supervisory experience of the European Union in terms of monitoring the implementation of short sales. The analysis was carried out in order to determine further key directions of development of the Russian market of margin lending. In addition, the article also considers the current Russian legislation in terms of supervision of unsecured transactions, regulated by the Decree of the Central Bank of the Russian Federation, which entered into force on July 1, 2019. The obtained results of the analysis allowed to make a comparative characteristic of the regulation of short sales in the European and Russian jurisdictions, as well as to make a forecast regarding the hypothetical transformations of the current Russian legislation.The analysis of the European experience in part of control of implementation of the short sales established by SSR to disclosure of information on short positions, to restrictions on short sales, to powers and ESMA obligations, etc., allows to come to conclusion that regulation in the Russian jurisdiction can be expanded not only due to complication of a procedure for granting of a marginal loan by inclusion in a portfolio of the client of difficult nonlinear tools, but also due to establishment of requirements for disclosure of information on the high-concentrated short positions and establishment of thus constantly reconsidered threshold size. In article the assumption that the designated directions of development of regulation of short sales regarding expansion of powers of the regulator also will increase transparency of intermediary activity and the financial market is made, having provided thus reliable protection of interests of clients of financial intermediaries.
format	article
author	E. S. Emelyanova
author_facet	E. S. Emelyanova
author_sort	E. S. Emelyanova
title	THE INTERNATIONAL EXPERIENCE AND THE CURRENT RUSSIAN LEGISLATION REGARDING SUPERVISION OF MARGINAL CREDITING
title_short	THE INTERNATIONAL EXPERIENCE AND THE CURRENT RUSSIAN LEGISLATION REGARDING SUPERVISION OF MARGINAL CREDITING
title_full	THE INTERNATIONAL EXPERIENCE AND THE CURRENT RUSSIAN LEGISLATION REGARDING SUPERVISION OF MARGINAL CREDITING
title_fullStr	THE INTERNATIONAL EXPERIENCE AND THE CURRENT RUSSIAN LEGISLATION REGARDING SUPERVISION OF MARGINAL CREDITING
title_full_unstemmed	THE INTERNATIONAL EXPERIENCE AND THE CURRENT RUSSIAN LEGISLATION REGARDING SUPERVISION OF MARGINAL CREDITING
title_sort	international experience and the current russian legislation regarding supervision of marginal crediting
publisher	Real Economics Publishing House
publishDate	2020
url	https://doaj.org/article/06a244c79ef44bc3b41d9937a865c572
work_keys_str_mv	AT esemelyanova theinternationalexperienceandthecurrentrussianlegislationregardingsupervisionofmarginalcrediting AT esemelyanova internationalexperienceandthecurrentrussianlegislationregardingsupervisionofmarginalcrediting
_version_	1718420175066234880

THE INTERNATIONAL EXPERIENCE AND THE CURRENT RUSSIAN LEGISLATION REGARDING SUPERVISION OF MARGINAL CREDITING

Ejemplares similares