SELF-REGULATION AS ONE OF THE KEY STRATEGIC ELEMENTS IN THE RECONSTRUCTION OF THE FINANCIAL SYSTEM IN CRISIS

The aim of the study was to determine the role of self-regulation as one of the key strategic elements in the reconstruction of the financial system in crisis. Approaches – including analysis of the causes and consequences of the global financial crisis in 2008, the monographic literature on the sub...

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Autores principales: Y. V. Trencevski, O. G. Karpovich
Formato: article
Lenguaje:RU
Publicado: Real Economics Publishing House 2016
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Acceso en línea:https://doaj.org/article/58f64899b9704186baae903574af7817
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spelling oai:doaj.org-article:58f64899b9704186baae903574af78172021-11-19T10:41:59ZSELF-REGULATION AS ONE OF THE KEY STRATEGIC ELEMENTS IN THE RECONSTRUCTION OF THE FINANCIAL SYSTEM IN CRISIS2618-947X2618-998410.17747/2078-8886-2016-3-70-77https://doaj.org/article/58f64899b9704186baae903574af78172016-08-01T00:00:00Zhttps://www.jsdrm.ru/jour/article/view/579https://doaj.org/toc/2618-947Xhttps://doaj.org/toc/2618-9984The aim of the study was to determine the role of self-regulation as one of the key strategic elements in the reconstruction of the financial system in crisis. Approaches – including analysis of the causes and consequences of the global financial crisis in 2008, the monographic literature on the subject identified challenges and their solutions for implementation of self-Regulation of the financial sector (results of research). Social value – the current situation of the crisis of investor confidence in the financial sector requires substantial organizational restructuring. The confidence of investors in adjustable and adequate operation of the financial sector is key for ensuring long-term economic recovery in conditions of the ongoing financial crisis. Practical application of the results is justified practical necessity of establishing responsibility for regulating and minimizing systemic risk of financial firms, the establishment of the state strategy of generating and maintaining an effective method of state regulation and control, defining key goals of economic policy, and have oversight and control over the development of the system of self-regulation (compliance programs) promoted by the sector. The originality lies in the fact that in the scientific revolution introduced the theoretical conclusions, the modern practice of self-regulation of the financial services sector with strong governmental control.Y. V. TrencevskiO. G. KarpovichReal Economics Publishing House articlestate controlcomplianceself regulationsanctionsfinancial institutionfinancial crisisRisk in industry. Risk managementHD61RU Strategičeskie Rešeniâ i Risk-Menedžment, Vol 0, Iss 3, Pp 70-77 (2016)
institution DOAJ
collection DOAJ
language RU
topic state control
compliance
self regulation
sanctions
financial institution
financial crisis
Risk in industry. Risk management
HD61
spellingShingle state control
compliance
self regulation
sanctions
financial institution
financial crisis
Risk in industry. Risk management
HD61
Y. V. Trencevski
O. G. Karpovich
SELF-REGULATION AS ONE OF THE KEY STRATEGIC ELEMENTS IN THE RECONSTRUCTION OF THE FINANCIAL SYSTEM IN CRISIS
description The aim of the study was to determine the role of self-regulation as one of the key strategic elements in the reconstruction of the financial system in crisis. Approaches – including analysis of the causes and consequences of the global financial crisis in 2008, the monographic literature on the subject identified challenges and their solutions for implementation of self-Regulation of the financial sector (results of research). Social value – the current situation of the crisis of investor confidence in the financial sector requires substantial organizational restructuring. The confidence of investors in adjustable and adequate operation of the financial sector is key for ensuring long-term economic recovery in conditions of the ongoing financial crisis. Practical application of the results is justified practical necessity of establishing responsibility for regulating and minimizing systemic risk of financial firms, the establishment of the state strategy of generating and maintaining an effective method of state regulation and control, defining key goals of economic policy, and have oversight and control over the development of the system of self-regulation (compliance programs) promoted by the sector. The originality lies in the fact that in the scientific revolution introduced the theoretical conclusions, the modern practice of self-regulation of the financial services sector with strong governmental control.
format article
author Y. V. Trencevski
O. G. Karpovich
author_facet Y. V. Trencevski
O. G. Karpovich
author_sort Y. V. Trencevski
title SELF-REGULATION AS ONE OF THE KEY STRATEGIC ELEMENTS IN THE RECONSTRUCTION OF THE FINANCIAL SYSTEM IN CRISIS
title_short SELF-REGULATION AS ONE OF THE KEY STRATEGIC ELEMENTS IN THE RECONSTRUCTION OF THE FINANCIAL SYSTEM IN CRISIS
title_full SELF-REGULATION AS ONE OF THE KEY STRATEGIC ELEMENTS IN THE RECONSTRUCTION OF THE FINANCIAL SYSTEM IN CRISIS
title_fullStr SELF-REGULATION AS ONE OF THE KEY STRATEGIC ELEMENTS IN THE RECONSTRUCTION OF THE FINANCIAL SYSTEM IN CRISIS
title_full_unstemmed SELF-REGULATION AS ONE OF THE KEY STRATEGIC ELEMENTS IN THE RECONSTRUCTION OF THE FINANCIAL SYSTEM IN CRISIS
title_sort self-regulation as one of the key strategic elements in the reconstruction of the financial system in crisis
publisher Real Economics Publishing House
publishDate 2016
url https://doaj.org/article/58f64899b9704186baae903574af7817
work_keys_str_mv AT yvtrencevski selfregulationasoneofthekeystrategicelementsinthereconstructionofthefinancialsystemincrisis
AT ogkarpovich selfregulationasoneofthekeystrategicelementsinthereconstructionofthefinancialsystemincrisis
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