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2021 | OriginalPaper | Chapter

Mega-Regulation of Financial Markets

Authors : Vitalii Klevtcov, Artem Zamlelyy

Published in: Financial Markets Evolution

Publisher: Springer International Publishing

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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.

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Metadata
Title
Mega-Regulation of Financial Markets
Authors
Vitalii Klevtcov
Artem Zamlelyy
Copyright Year
2021
Publisher
Springer International Publishing
DOI
https://doi.org/10.1007/978-3-030-71337-9_24