Mega-Regulation of Financial Markets

Vitalii Klevtcov () and Artem Zamlelyy
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Vitalii Klevtcov: Moscow State Institute of International Relations (MGIMO University)
Artem Zamlelyy: Moscow State Institute of International Relations (MGIMO University)

A chapter in Financial Markets Evolution, 2021, pp 313-325 from Palgrave Macmillan

Abstract: Abstract The chapter discusses issues of institutional changes in banking regulation in the context of globalization and the economy digitalization. Arguments on the issue of a single platform for the mega-regulation of financial markets are considered and analysed. The research methodology led to the conclusion that there will be various forms of cooperation between traditional financial intermediaries and FinTech companies or market division between them. It is proved that the Bank of Russia will focus on implementing its monetary policy, intersectoral stress testing of financial institutions, and supervision of systemically important credit organizations. The recommendations for the transition to an integrated model of financial regulation and further development of the financial market regulation are represented.

Keywords: Mega-regulation; Financial market; Financial intermediation; Globalization; Digital economy; D53; F65 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-030-71337-9_24

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DOI: 10.1007/978-3-030-71337-9_24

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