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PROBLEMS OF FORMATION OF OPTIMAL MODEL OF GOVERNMENTAL REGULATION AND SUPERVISION IN THE FINANCIAL SECTOR OF UKRAINE IN THE CONTEXT OF CREDIT COOPERATION

Oleksandra Osadets () and Shvets Natalia ()
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Oleksandra Osadets: Chernivtsi National University Chernivtsi, Ukraine
Shvets Natalia: Chernivtsi National University Chernivtsi, Ukraine

The USV Annals of Economics and Public Administration, 2016, vol. 16, issue Special, 131-136

Abstract: In the presented scientific practical research we considered and explored the role and problems of state regulation and supervision of the financial sector of Ukraine, in particular of credit unions because they are inalienable participants in the financial market. In current conditions that have been established during the financial crisis, one of the most urgent problems is the effective functioning of the regulation and supervision of the financial sector. The crisis that negatively affected the activities of financial sector participants discovered the discrepancy of regulation and supervision of them, which caused the negative trend of development of financial market of Ukraine, as evidenced by official data of the National Commission, which performs state regulation in the sphere of financial services. In the presented scientific practical research we identified the strengths and weaknesses of the modern system of state regulation and supervision in the financial sector of Ukraine, particularly in the sector of credit cooperation, and we formed suggestions on improving its model in the context of the concentration of regulatory and supervisory efforts in state financial regulators.

Date: 2016
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