A Modern Model of Supervision over Non-Credit Financial Institutions

he paper is devoted to the study of fundamental principles of a modern model of supervision over non-credit financial institutions. Based on the results of the study, the author comes to the conclusion that the supervision over the activities of non-credit financial institutions is currently a complex, multifaceted phenomenon, the main characteristics of which include risk-orientation, macroprudential orientation, the use of motivated (professional) judgment, proportional regulation, supervision over observance of the rights and legitimate interests of financial services’ consumers and a combination of various forms of control and supervision activities. Such a model of supervision over non-credit financial institutions, based on the best world practices, makes it possible to ensure effective management of risks arising in financial markets, completeness and timeliness of performance by non-credit financial institutions of their obligations, protection of the rights and legitimate interests of financial services’ consumers.

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