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Approaches to Development of Financial Infrastructure Informational-Regulative System

Author

Listed:
  • Vladimir N. Alekseev

    (Moscow Metropolitan Governance University, Moscow 107045, Russia)

  • Nikolay N. Sharkov

    (Moscow Metropolitan Governance University, Moscow 107045, Russia)

Abstract

Objective of the article is to form approaches to development of financial infrastructure informationalregulative system in terms of global competition challenges and to define prior mode of its functioning. The article explores financial infrastructure informational-regulative system. In the framework of the research based on Russian and foreign authors’ researches, the analysis of various functioning modes of financial infrastructure informational-regulative is given with implementation of statistical, logical, comparative and retrospective analysis methods. The authors form the approaches to development of financial infrastructure informational-regulative system and propose the models of informational communication between regulators and financial infrastructure subjects. In addition, the authors analyze the main functioning modes of financial infrastructure informational-regulative system and determine the optimal mode. The article presents the set of financial security criteria and indicators of financial security of Russia and defines the limits for indicators. The Russian Federation financial security level assessment is performed based on its financial infrastructure compliance with financial security criteria and indicators. Authors conclude that development and implementation of financial infrastructure informational-regulative system could allow Russian regulators, legislators and law executors to respond relevantly on global competition challenges and manage risks arising from globalization of financial processes.

Suggested Citation

  • Vladimir N. Alekseev & Nikolay N. Sharkov, 2019. "Approaches to Development of Financial Infrastructure Informational-Regulative System," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 109-121, April.
    • Handle: RePEc:fru:finjrn:190208:p:109-121
    DOI: 10.31107/2075-1990-2019-2-109-121
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    References listed on IDEAS

    as
    1. Nicolas Véron, 2013. "Bank versus non-bank credit in the United States, Europe and China," Policy Contributions 781, Bruegel.
    2. Vladimir N. Alekseev, 2013. "Conceptual Approaches to the Formation of Financial Infrastructure," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 25-32, March.
    3. North, Douglass C., 1971. "Institutional Change and Economic Growth," The Journal of Economic History, Cambridge University Press, vol. 31(1), pages 118-125, March.
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    Citations

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    Cited by:

    1. O. Miroshnichenko S. & N. Voronova S. & V. Gamukin V. & О. Мирошниченко С. & Н. Воронова С. & В. Гамукин В., 2020. "Развитие макропруденциального регулирования банковского кредитования физических лиц в России // The Development of Macroprudential Regulation of Bank Household Lending in Russia," Финансы: теория и практика/Finance: Theory and Practice // Finance: Theory and Practice, ФГОБУВО Финансовый университет при Правительстве Российской Федерации // Financial University under The Government of Russian Federation, vol. 24(4), pages 75-87.

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    More about this item

    Keywords

    financial infrastructure; intangible financial infrastructure; adaptation; informational-regulative system; financial security;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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