Yakunin S.V.Saratov Socio-Economic Institute, Branch of Plekhanov Russian University of Economics, Saratov, Russian Federation ysw@yandex.ru
Andronov I.I.Saratov Socio-Economic Institute, Branch of Plekhanov Russian University of Economics, Saratov, Russian Federation ivan.andronov.1983@bk.ru
Importance The article attempts to reconsider the approaches of a mega-regulator to harmonization of activity of the financial market participants. These approaches consist in creation of such a system of activity regulation, which while preserving an open space for designing new tools, at the same time, would be able to generate interest to market participants, and would maintain risks within the boundaries excluding system crises. Objectives In the paper, as the basic purpose of research, I consider approaches to the financial market regulation. The goal is to identify existing deficiencies of regulation in harmonization of activity of organizations, and in generating of proposals on improving of the existing procedure. Methods In the article, by means of dialectic-materialistic methods of knowledge of an objective reality, intrinsic characteristics of development of regulation of the financial market, we disclose the considerable characteristics of development of the financial market regulation, and also systematize and identify nonrandom dependencies. We also identify their causes and effects. While developing directions of regulation of activity in the financial markets in order to increase their efficiency and prevention of the crisis phenomena, we propose to use the offered classification of types of attitudes of an organization with their clients in the market. The criterion of distribution of risk serves as the basis of the offered classification of such types of attitudes. It enabled to identify the following types of the organization of mutual relations: partner, client, and intermediary types. Definition of prevailing type of the organization of mutual relations with clients is a necessary condition for selection of concrete parameters, which is applicable to the given professional participant of the financial market on the part of mega-regulator. Results The proposed classification of types of relations and observing of recommendations allow minimizing the budgetary funds amount for crisis phenomena liquidation in the financial market. Conclusions and Relevance The provided scale of the identified types of relations along the kinds of activity in the financial market will allow more transparent method of making demands both to the organizations working on the financial market, and to clients of given organizations, and also responsibly understand the sizes of risk, and, therefore, create conditions for more organic market development.
Keywords: mega-regulator, financial market, bank, micro financial organization, relation types
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