Skobeleva I.P.Admiral Makarov State University of Maritime and Inland Shipping, St. Petersburg, Russian Federation ifinansy@yandex.ru
Importance The research investigates how public and private regulation of financial markets is integrated so to mitigate risks and enhance the financial system for effective allocation of resources. Objectives The research pursues an integral concept of public and private regulation of financial markets and analyzes theoretical and regulatory sources of financial regulation, i.e. regulation of financial market infrastructures, the way the process originates in national jurisdictions and the global financial market, and provides rationale for transforming financial market infrastructures and their development scenarios. Methods The research involves methods of content analysis, comparative analysis, synthesis, abstraction, verbal models reproduced in charts, approximation. Results For financial market infrastructures, we developed an integral and systemic concept of public and private regulation so to mitigate risks and enhance the financial system. Conclusions and Relevance The proposed concept primarily pursues the development of public regulation of financial markets, but implies the reproduction of the conventional market regulation basis. The concept will have a positive effect on the development of contemporary banking control and oversight, making it more transparent, informative, and reduce risks associated with financial market infrastructures
Keywords: trade repositories, central counterpart, payment system, central depository, Central Bank
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