Administrative and legal regulation of the provision of financial services in Ukraine: a comparative aspect

Authors

DOI:

https://doi.org/10.21564/2414-990X.157.258526

Keywords:

financial market, models of administrative and legal regulation, economic component

Abstract

The formation of an appropriate mechanism of administrative and legal regulation of services in the field of financing was carried out at each stage of its development by annually expanding the theoretical (legislative and doctrinal-scientific) and practical basis, providing greater opportunities for consumers to exercise their rights to prompt and prompt service. To date, the topic studied by the authors is one of the most developed in Ukraine. The article analyzes the possibility of formulating a quality mechanism of administrative and legal regulation of financial services in Ukraine through the prism of European integration processes and preventive measures. An extensive analysis of the current financial system of Ukraine is given. The administrative-legal, informational and anti-corruption components of the regulation of financial services are highlighted. It was also found that an important new form of incentive funding for the regions were competitions for budget subventions for the achievement of achievements, rather than their absolute level, which allows them to participate effectively in depressed regions. The strategy of development of the Ukrainian financial market is aimed at its transformation into the main mechanism for attracting investment by Ukrainian companies, creating conditions for effective investment of private and pension savings. The authors revealed the steps and stages of establishing the procedure for providing financial services in terms of such an integral principle of the modern formation of the process of providing services in Ukraine as the principle of service. As a result of the study, in addition to the classic administrative component of financial services, information and anti-corruption services were singled out. The general and special jurisdiction for committing offenses in the field of regulation of financial services at the level of bylaws of Ukraine is analyzed.

Author Biographies

R. Shapoval, Yaroslav Mudryi National Law University

Doctor of Law, Professor, Professor of the Department of Administrative Law and Administrative Activities,

R. Orlovskiy, Yaroslav Mudryi National Law University

Doctor of Law, Professor, Professor of the Department of Criminal Law No. 1 

K. Solntseva, Yaroslav Mudryi National Law University

PhD in Law, Associate Professor, Associate Professor at the Department of Administrative Law and Administrative Activities

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Published

2022-07-06

How to Cite

Shapoval, R., Orlovskiy, R., & Solntseva, K. (2022). Administrative and legal regulation of the provision of financial services in Ukraine: a comparative aspect. Problems of Legality, (157), 192–204. https://doi.org/10.21564/2414-990X.157.258526

Issue

Section

ADMINISTRATIVE LAW AND PROCEDURE