The most important and discucced problems in the field of financial markets today in my country(Russia)
List of references
1.Analysis of problems of development of the Russian share market//www.bankcredids.ru
2.Barhatov I.V. Stock market in changing Russian economy// Vestnik of Chelyabinsk state university. – 2009. – № 1
3.Grinyaev S. About problems and prospects of development of the Russian stock market in crisis of a world financial system//Economy, 2010.-№5. - p. 32-35
4.Smirnov E.E Legal problems of the financial market //Securities market, 2011.-№9
5.System restrictions of market model of collective investments//www.rbc.ru
6.Zaharov A. Russia needs long term stock market development program//Izvestia, 19.04.2008
One of the main problems of regulation in the Russian financial market still remains the practical absence the right application therefore appropriate protection of the rights and interests of investors isn't provided.
The Russian legislation didn't establish adequate measures of administrative and criminal liability for violations in the financial market.
Practically there are no measures directed on prevention of use of insider information therefore it is impossible to reveal an offense, and to qualify it as that. There are also prices manipulation problems in forward market.
The concept of a manipulation is not fully defined in the low: it is defined only with reference to securities market. Thus the manipulation ban is established by the market only for professional participants of
Показать всеmarket that considerably narrows a circle of people which potentially could be subjects of similar violations.
All points listed above are referred to currency market based on the principle that the financial market exists for financial intermediaries. This approach based on state policy formulations is a key barrier to ensuring break concerning efficiency of the financial markets.
In development of the Russian finance, complication and integration into the world market, use of a sign of credit quality (reliability) of financial instruments (assets) in standard, including legislative, acts becomes a pressing need of the national financial market. Thus, as a rule, the unique measure of credit quality (reliability) of a financial instrument is the credit rating.4
Inclusion of indicators of credit ratings (or criterion of «appropriate credit quality») in hypotheses of law (as an element of difficult legal structure) puts earlier unknown tasks before the legislator. First of all, it is necessary to make legal definition and to provide legal recognition of credit ratings, and also to define the minimum requirements guaranteeing reliability and reliability of such ratings. Thereby in the long term the legislator (regulator) faces a problem of establishment of a legislative framework (or, at least, principles) activity of rating agencies.
Steady functioning of payment system is essential for ensuring financial stability. Functioning of payment system is directly connected with credit risks and risks of liquidity for economy as a whole.
Low efficiency of the Russian payment system leads to increase the risks level, derivation of considerable resources from economy, and, therefore, to expenses growth.
The banks being the main operators of liquidity in the financial market, more and more actively direct in investment in financial instruments. The great risk in increase in financial instability is brought by banks, leaving financial resources on financial sector. It is connected with aiming of banks at more effective operations connected with an investment in volatility assets. Carrying out such investments, they create dependence of one sector of the financial market on risks on other sector of the market.
Nowadays the capacity of the Russian banking system is small and banks aren't ready yet to large-scale strengthening of crediting under rates accepted for business. It essentially increases risk of business in real sector, especially in the conditions of increase of level of the competition, to what the Russian enterprises face today.5 Скрыть
Автор24 - это фриланс-биржа. Все работы, представленные на сайте, загружены нашими пользователями, которые согласились с правилами размещения работ на ресурсе и обладают всеми необходимыми авторскими правами на данные работы. Скачивая работу вы соглашаетесь с тем что она не будет выдана за свою, а будет использована использовать исключительно как пример или первоисточник с обязательной ссылкой на авторство работы.
Если вы правообладатель и считаете что данная работа здесь размещена без вашего разрешения - пожалуйста, заполните форму и мы обязательно удалим ее с сайта.
за 10 минут
Эта работа вам не подошла?
У наших авторов вы можете заказать любую учебную работу от 200 руб.
Оформите заказ и авторы начнут откликаться уже через 10 минут!