scholarly journals Creation of a trusting environment in the financial market as an actual direction of financial and legal policy in the digital economy

2020 ◽  
pp. 148-153
Author(s):  
E. N. Pastushenko
Keyword(s):  
Central Bank ◽  
Financial Market ◽  
Russian Federation ◽  
Financial Services ◽  
Government Regulation ◽  
Self Regulation ◽  
Digital Economy ◽  
Legal Personality ◽  
Digital Format ◽  
The Russian Federation

This article is devoted to the study of issues related to the formation of a trusting environment in the financial market in the digital economy. The author concludes that the protection of the rights of consumers of financial services, including financial services provided in digital format, requires the formation of a trusting environment in the financial market. This involves a combination of government regulation of authorized entities, including the Central Bank of the Russian Federation, and self-regulation by financial organizations. The development of banking legislation and law enforcement practice testifies to the transformation of the legal personality of the Central Bank of the Russian Federation and the expansion of its authority to issue programmatic legal acts in the field of increasing the availability of financial services in the Russian Federation. This is due to the application of a systematic approach and the proposal to secure at the federal law level the powers of the Bank of Russia to issue program legal acts in the field of financial technologies.

scholarly journals ANALYSIS OF THE POSSIBILITIES OF PRACTICAL IMPLEMENTATION OF THE NATIONAL PROGRAM " DIGITAL ECONOMY OF THE RUSSIAN FEDERATION»

2021 ◽  
Vol 9 (1) ◽  
pp. 107-118
Author(s):  
S. Popova ◽  
E. Titova
Keyword(s):  
Information And Communication Technologies ◽  
Russian Federation ◽  
Digital Technologies ◽  
Well Being ◽  
Digital Economy ◽  
Professional Activity ◽  
Practical Implementation ◽  
Economic Relations ◽  
Digital Format ◽  
The Russian Federation

The transformation of the socio-economic sphere based on the widespread use of information and communication technologies (ICTs) has allowed us to form fairly stable trends in the development of the digital economy in many countries of the world. The innovative system of economic relations in developed countries has shown its effectiveness. Digital technologies have an impact on the decision-making about what to produce and what to buy, digital markets have a short formation period, they have fewer entry barriers, they are more dynamic. The digital format of modern life leads to the development of new economic relations and to significant changes in the process of learning, professional activity, leisure activities, allows you to think differently, plan and make decisions. In Russia, in 2017, the program "Digital Economy of the Russian Federation" was approved, according to the strategic goals of which, the use of digital technologies should lead to an increase in the competitiveness and well-being of the country's population. The program provides for improving the level of management based on planning (strategic, tactical, operational), coordination, and monitoring the practical implementation of the goals set. Funding for the program is provided at the level of 100 billion rubles per year, the total budget for 2018-2024 is 1634.9 billion rubles. The article considers the target program "Digital Economy of the Russian Federation", determines the possibility of its practical implementation in the context of digital globalization and identifies the factors that hinder its development: the imperfection of the regulatory framework; low volume of digital technologies used in enterprises, insufficient level for their financing; insufficient level of digital competencies, technologies and readiness for technological breakthrough; "digital inequality" among the population of the country; insufficient targeted state funding of innovative digital companies and high cybercrime.

EFFECTIVE MARKETING TECHNIQUES FOR FINANCIAL SERVICES IN THE CONTEXT OF DIGITALIZATION: PROSPECTS AND PROBLEMS

2020 ◽  
Vol 4 (12) ◽  
pp. 88-91
Author(s):  
N. S. BATANOV ◽  
Keyword(s):  
Russian Federation ◽  
Financial Services ◽  
New Technologies ◽  
Digital Economy ◽  
Growth Potential ◽  
Financial Systems ◽  
Rapid Pace ◽  
The Subject ◽  
The Russian Federation ◽  
The Impact

Recently, new technologies have been developing at a rapid pace. Technological processes have an impact on all sectors of the economy and social activities of the country. Therefore, the issue of transformation of the Russian and world economies is relevant in connection with the increasing digitalization of the country. The subject of this article is the impact of the digitalization of the economy on financial systems and markets. The article shows the growth potential of the digital economy. The boundaries and contradictions of the digital economy are determined, and the article provides the features of the formation of the digital economy in the Russian Federation.

scholarly journals Banking law as the complex branch of legislation

2021 ◽  
Vol 118 ◽  
pp. 04003
Author(s):  
Elena Nikolaevna Pastushenko ◽  
Natalia Vladimirovna Neverova ◽  
Elena Vladimirovna Kornukova ◽  
Larisa Nikolaevna Zemtsova
Keyword(s):  
Central Bank ◽  
Russian Federation ◽  
Financial Services ◽  
Master's Degree ◽  
Educational Institutions ◽  
Higher Educational Institutions ◽  
The Russian Federation ◽  
The Law ◽  
Higher Educational ◽  
Oriented Approach

The objective of the present research is the formation of the concept of teaching banking law as the interdisciplinary subject of the Master’s degree in Economics and Law in higher educational institutions. The work used the dialectic and technical methods that allowed showing the interrelation and mutual influence of the various aspects of the banking law as the interdisciplinary subject in the higher educational institutions. The comparative and legal method was used for revealing the stages of the legal regulation of the banking system of the Russian Federation and the formation of the banking law as the complex branch of legislation. The inductive method was applied when analyzing the Russian legislation with regard to the status of the Central Bank of the Russian Federation, lending institutions, bank operations and transactions and deals from the point of view of client-oriented approach and protection of consumers’ rights when obtaining financial services. The most important result of the present research is the grounding of advisability to teach the banking law in the higher educational institutions as the interdisciplinary subject of the Master’s degree in Economics and Law. This offer was introduced basing upon the position of the Theory of the state and law and the sectoral science of Financial Law to consider the banking law as the complex branch of legislation that allows characterizing the offer made as a result characterized by the scientific novelty having the scientific and theoretical significance for the further scientific discussions regarding the role of the complex educations in law, improvement of the law-making, law-enforcement and law-interpretive activity of the Central Bank of the Russian Federation and also the day-to-day update of the legislation due to the changing realias, performing works on education in the law and financial literacy, improvement of client-oriented approach when providing banking services and protection of rights and legal interests of the consumers of financial services.

scholarly journals Analysis of digital profile of the financial market: a methodological approach of Russian Central Bank

2020 ◽  
Vol 80 ◽  
pp. 01023
Author(s):  
Elena A. Pyatina ◽  
Tatiana G. Ilina ◽  
Nataliya А. Tyuleneva ◽  
Alesya N. Khabibulina
Keyword(s):  
Central Bank ◽  
Financial Market ◽  
Russian Federation ◽  
Methodological Approach ◽  
Financial Sector ◽  
Comprehensive System ◽  
Strong Impact ◽  
Financial Products ◽  
The Russian Federation ◽  
Modern Technologies

Currently the processes of digitalization have a strong impact on all spheres of society. Fundamental changes are observed in the economy due to digital expansion, implementing and usage of various modern technologies. The financial market as an essential part of the economy was the first thing that had to be digitalized. The Central Bank of the Russian Federation is actively engaged in the development of financial technologies in the financial market. Financial technologies can affect the availability of financial products and services, which in the future will contribute to sustainable development and increase the competitiveness of the entire financial sector. The Central Bank of the Russian Federation as a megaregulator monitors the financial market and currently a comprehensive system of relevant indicators is being formed. It is to assess the specifics of different profiles of the financial market, reflecting its most important characteristics, including the level of digitalization. It has been recognized to take a closer look at the description of such a concept as the digital profile of the financial market. To describe the entire financial market, we need comprehensive methodological approach that would reflect its characteristics. The research was conducted on the basis of studying the existing experience of analyzing the market of financial and technological services, its features, as well as methods and indicators for assessing the level of digitalization of the financial sector. The article proposed the concept of a digital profile of the financial market and developed a methodological approach for its analysis in order to implement the functions of the Central Bank of Russian Federation.

MICROFINANCE ORGANIZATIONS IN RUSSIA: PROBLEMS OF TAXATION AND DEVELOPMENT TRENDS IN THE CONDITIONS OF "DIGITALIZATION" OF THE ECONOMY

2020 ◽  
Vol 6 (12) ◽  
pp. 59-64
Author(s):  
V. V. ARKAUTI ◽  
◽  
L. V. KASAEVA ◽  
O. G. MATVEEVA ◽  
M. A. SKAEV ◽  
...  
Keyword(s):  
Central Bank ◽  
Financial Market ◽  
Russian Federation ◽  
Microfinance Institutions ◽  
Development Trends ◽  
Development Status ◽  
Consumer Lending ◽  
The Russian Federation

The article examines the main trends and prospects of development of microfinance institutions (MFIs) Russia in terms of digitalization of the economy, actual problems of regulation, taxation and their role in the system of consumer lending; the UN's role in the development of microfinance; the essence, characteristics and development status of legislation on MFIs in Russia. The issues related to the practice, the specifics of the taxation of MFIs, the procedure for submitting reporting forms to the Central Bank of the Russian Federation, the Federal Tax Service of Russia are considered. The authors note the need to amend the legislation on microfinance activities and create programs for its support by the financial market regulator of the Russian Federation.

The causes of poverty in Russia

2020 ◽  
Vol 13 (1) ◽  
pp. 21-36
Author(s):  
I.S. Ivanchenko
Keyword(s):  
Regression Analysis ◽  
Regional Development ◽  
Financial Market ◽  
Russian Federation ◽  
Short Term ◽  
Financial Situation ◽  
Macroeconomic Variables ◽  
Development Plans ◽  
The Russian Federation ◽  
Short Term Forecasting

Subject. This article analyzes the changes in poverty of the population of the Russian Federation. Objectives. The article aims to identify macroeconomic variables that will have the most effective impact on reducing poverty in Russia. Methods. For the study, I used the methods of logical, comparative, and statistical analyses. Results. The article presents a list of macroeconomic variables that, according to Western scholars, can influence the incomes of the poorest stratum of society and the number of unemployed in the country. The regression analysis based on the selected variables reveals those ones that have a statistically significant impact on the financial situation of the Russian poor. Relevance. The results obtained can be used by the financial market mega-regulator to make anti-poverty decisions. In addition, the models built can be useful to the executive authorities at various levels for short-term forecasting of the number of unemployed and their income in drawing up regional development plans for the areas.

Banking supervision in the Russian Federation

2021 ◽  
Author(s):  
Tat'yana Rozhdestvenskaya ◽  
Aleksey Guznov
Keyword(s):  
Risk Management ◽  
Graduate Students ◽  
Central Bank ◽  
Russian Federation ◽  
Bank Risk ◽  
Banking Supervision ◽  
Law Schools ◽  
The Russian Federation ◽  
Credit Institutions

The textbook highlights the theoretical and practical problems of banking supervision in Russia, including its goals, objects and forms. Special attention is paid to the requirements for bank risk management and enforcement measures applied by the Central Bank of the Russian Federation to credit institutions. For undergraduates of law schools, graduate students and teachers.

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