Financial market of the Russian Federation: concept, main vectors of development

Occupation: Chief Scientist of the Sector Administrative Law and Administrative Process
Affiliation: Institute of State and Law of the Russian Academy of Sciences
Address: Russian Federation, Moscow

Journal name

Gosudarstvo i pravo

Edition

Issue 11

Pages

147-154

Abstract

The article considers the financial market as a set of monetary relations that ensure the accumulation, redistribution and investment of funds. The author lists its elements, provides a list of regulatory legal acts regulating relations in certain areas of the financial market and so on. Analysis of the acts of the Central Bank of the Russian Federation as a mega-regulator of financial markets allows us to identify five main directions of financial market development in the near future. The author also consistently reveals the tasks that need to be solved for the implementation of each direction, and author’s comments are given. In conclusion, the relevant research conclusions are formulated.

Keywords

financial market, property relations, foreign exchange market, loan capital market, securities market, insurance market, precious metals market, digitalization, risk management tools, risk-based approach

Acknowledgment

The work was carried out within the framework of the research topic “Legal regulation of the Russian financial market in the conditions of the turbulence of the world economy” (No. FMUZ-2021-0035).

Received

25.07.2023

Publication date

04.12.2023

Number of characters

28230

Cite

GOST	Kobzar-Frolova M. Financial market of the Russian Federation: concept, main vectors of development // Gosudarstvo i pravo – 2023. – Issue 11 C. 147-154 [Electronic resource]. URL: https://gospravo-journal.ru/S102694520028495-5-1 (circulation date: 18.05.2024). DOI: 10.31857/S102694520028495-5
MLA	Kobzar-Frolova, Margarita N "Financial market of the Russian Federation: concept, main vectors of development." Gosudarstvo i pravo 11 (2023):147-154. DOI: 10.31857/S102694520028495-5
APA	Kobzar-Frolova M. (2023). Financial market of the Russian Federation: concept, main vectors of development. Gosudarstvo i pravo (11), pp.147-154 DOI: 10.31857/S102694520028495-5

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