ECONOMIC AND LEGAL ASPECTS OF REGULATION OF THE BANKING SYSTEM: DOMESTIC AND EUROPEAN EXPERIENCE

Abstract

The article considers the peculiarities of normative-legal and economic regulation of the banking system of Ukraine through the prism of integration into the world financial space. Regulatory influence of the state on the banking system makes it impossible to directly interfere in the operational activities of banking institutions. There are two components of regulatory influence on banking: the formation of regulatory and legal support for the functioning of the banking system and direct institutional influence on the banking system on the basis of adopted acts. The peculiarities of the banking supervision system formed in Ukraine are analyzed and the necessity of transition from institutional regulation to macroprudential and microprudential types of influence is determined. The main tasks and priorities of the main regulator in the market of banking services of Ukraine - the National Bank of Ukraine are formed. The key indicators of efficiency of regulation of the banking system in Ukraine are determined. Regulation of banking activity in Ukraine is a component of the general system of imperative regulation of the state. It is important to keep in mind that the state, on the one hand, acts as a regulator of the financial market, and on the other – as a subject of the banking system, which is an integral part of the market itself. The peculiarity of regulation and financial services at the regional level in EU law is the creation of different legal regimes for subsectors of the financial sector (banking, insurance and investment), as well as the formation of a general rule of supervision and country of origin, establishing the principle of mutual recognition. freedom to provide services and freedom of establishment. The main legal acts in the field of banking sector regulation are analyzed. The directions of the National Bank of Ukraine's influence on the banking sector are structured. Emphasis is placed on the need to take into account European directives, recommendations, and regulations in the financial sphere when reforming the regulatory system. It is noted that the national system of banking regulation should include both pan-European traditions and evolved domestic features.