Problems of the Development of Trust Management in the Conditions of the Modern Global Financial Market
The article examines the key problems of the development of the trust management market at the present stage of the formation of the global market. All problems are identified within the framework of the main trends in the development of the financial market, which is associated with the complicatio...
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Research Centre of Industrial Problems of Development of NAS of Ukraine
2021
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oai:doaj.org-article:b46956ee82cc415ea69ae5853523ab652021-11-04T09:29:58ZProblems of the Development of Trust Management in the Conditions of the Modern Global Financial Market10.32983/2222-4459-2021-9-196-2012222-44592311-116Xhttps://doaj.org/article/b46956ee82cc415ea69ae5853523ab652021-09-01T00:00:00Zhttps://www.business-inform.net/export_pdf/business-inform-2021-9_0-pages-196_201.pdfhttps://doaj.org/toc/2222-4459https://doaj.org/toc/2311-116XThe article examines the key problems of the development of the trust management market at the present stage of the formation of the global market. All problems are identified within the framework of the main trends in the development of the financial market, which is associated with the complication of its subject structure, changes in the structure of instruments. In addition, the market is actively expanding due to the introduction of intermediaries and social media as specific market players. The active digitalization of economic activity leads to the formation of new industries, including the need to form a cyber security system. New rules for the functioning of the trust management market require the development of appropriate regulatory support for the functioning of the market and the formation of global value chains. A problematic issue is also the awareness of new clients with trust management services, the rules of the market functioning. It is worth considering the processes of global offshorization, which determines the key directions of normative regulation both in the global market and its regional adaptation. In this regard, the paper discusses the features of the development of regulatory support for the functioning of the financial market in general, as well as the market of trust operations in particular in modern conditions, with examples of the implementation of this conception in certain highly developed countries (United States of America, Great Britain, etc.) taking into account the requirements of international organizations to ensure and regulate these markets in order to counter money laundering, tax evasion, and concealment of the tax base. In addition, the article proposes some options for minimizing the negative consequences of key problems in the development of the trust management market or minimizing the associated risks.Perminov Stanislav B.Research Centre of Industrial Problems of Development of NAS of Ukrainearticletrust managementtrust management markettrustbanking activityBusinessHF5001-6182ENRUUKBìznes Inform, Vol 9, Iss 524, Pp 196-201 (2021) |
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EN RU UK |
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trust management trust management market trust banking activity Business HF5001-6182 |
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trust management trust management market trust banking activity Business HF5001-6182 Perminov Stanislav B. Problems of the Development of Trust Management in the Conditions of the Modern Global Financial Market |
description |
The article examines the key problems of the development of the trust management market at the present stage of the formation of the global market. All problems are identified within the framework of the main trends in the development of the financial market, which is associated with the complication of its subject structure, changes in the structure of instruments. In addition, the market is actively expanding due to the introduction of intermediaries and social media as specific market players. The active digitalization of economic activity leads to the formation of new industries, including the need to form a cyber security system. New rules for the functioning of the trust management market require the development of appropriate regulatory support for the functioning of the market and the formation of global value chains. A problematic issue is also the awareness of new clients with trust management services, the rules of the market functioning. It is worth considering the processes of global offshorization, which determines the key directions of normative regulation both in the global market and its regional adaptation. In this regard, the paper discusses the features of the development of regulatory support for the functioning of the financial market in general, as well as the market of trust operations in particular in modern conditions, with examples of the implementation of this conception in certain highly developed countries (United States of America, Great Britain, etc.) taking into account the requirements of international organizations to ensure and regulate these markets in order to counter money laundering, tax evasion, and concealment of the tax base. In addition, the article proposes some options for minimizing the negative consequences of key problems in the development of the trust management market or minimizing the associated risks. |
format |
article |
author |
Perminov Stanislav B. |
author_facet |
Perminov Stanislav B. |
author_sort |
Perminov Stanislav B. |
title |
Problems of the Development of Trust Management in the Conditions of the Modern Global Financial Market |
title_short |
Problems of the Development of Trust Management in the Conditions of the Modern Global Financial Market |
title_full |
Problems of the Development of Trust Management in the Conditions of the Modern Global Financial Market |
title_fullStr |
Problems of the Development of Trust Management in the Conditions of the Modern Global Financial Market |
title_full_unstemmed |
Problems of the Development of Trust Management in the Conditions of the Modern Global Financial Market |
title_sort |
problems of the development of trust management in the conditions of the modern global financial market |
publisher |
Research Centre of Industrial Problems of Development of NAS of Ukraine |
publishDate |
2021 |
url |
https://doaj.org/article/b46956ee82cc415ea69ae5853523ab65 |
work_keys_str_mv |
AT perminovstanislavb problemsofthedevelopmentoftrustmanagementintheconditionsofthemodernglobalfinancialmarket |
_version_ |
1718444986247151616 |