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The role of the Bank of Russia in regulating the financial market in the context of sanctions policy

https://doi.org/10.17803/2311-5998.2023.107.7.166-174

Abstract

The article analyzes the current state of the financial market as one of the most important elements of the financial system. The ways and possibilities of further development of the financial market in the conditions of the strict sanctions policy of many states in relation to the Russian Federation have been studied. The article indicates the ways of further improvement of the financial market as one of the most important institutions that ensure national and economic security. It is noted that a large role in the regulation of the financial market is assigned to the Central Bank of the Russian Federation as a mega-regulator of financial markets. The paper also identifies certain segments of the financial market that are of paramount importance for the state and require modernization to the greatest extent, and which, according to the state’s plan, will contribute to ensuring a decent standard of living for the population. The main techniques and methods of regulation in the financial market are analyzed and it is concluded that in order to achieve the development of the main institutions of the financial market, it is necessary to ensure the economic security of the subjects of the domestic financial market, which is an urgent task of the state.

About the Author

A. B. BYLA
Kutafin Moscow State Law University (MSAL)
Russian Federation

Alexander B. BYLA, Associate Professor of Department in Financial Law, Cand. Sci. (Law) 

9, ul. Sadovaya-Kudrinskaya, Moscow, 125993



References

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Review

For citations:


BYLA A.B. The role of the Bank of Russia in regulating the financial market in the context of sanctions policy. Courier of Kutafin Moscow State Law University (MSAL)). 2023;(7):166-174. (In Russ.) https://doi.org/10.17803/2311-5998.2023.107.7.166-174

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ISSN 2311-5998 (Print)
ISSN 2782-6163 (Online)