Anti-Sanction Regulation of the Banking Services Market and Anti-Crisis Legal Regime of Banking Activities

Abstract

The article attempts to correlate the anti-sanction regulation of the banking services market and the anti-crisis legal regime of banking. The author distinguishes between the sanctions regime and the anti-sanction legal regime that frames the anti-sanction regulation of the relevant market and is part of its anti-crisis regulation. The article substantiates that the antisanctions legal regime does not include means of counter-sanctions, since the latter do not aim to mitigate the sanctions regime for the relevant market, but are retaliatory restrictive measures that often also negatively affect the activities of national market participants. Therefore, the author distinguishes between the sanctions legal regime and the counter-sanctions legal regime, coming to the conclusion that the legislator is inconsistent in this matter. The article concludes that the anti-crisis regulation of the banking services market can also be considered as an anti-crisis legal regime of banking activity, an integral part of which is also an anti-sanction legal regime or anti-sanction regulation, the means of which are aimed at overcoming the consequences of the sanctions regime. At the same time, unlike the sanctions regime or the counter-sanction regime, which are a special or extraordinary regime, the anti-sanction regime is a special legal regime, since it is only a type of anti-crisis regulation of the relevant market.