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Finance and Credit
 

Institutional approach in the system of financial market regulation

Vol. 17, Iss. 27, JULY 2011

Available online: 14 July 2011

Subject Heading: The financial market

JEL Classification: 

Kotlyarov M.A. professor of chair «The finance, accounting and property management» European-Asian Institute of Management and Entrepreneurship
kotlyar2005@list.ru

Lomtatidze O.V. associate professor of chair «The finance, accounting and property management», European-Asian Institute of Management and Entrepreneurship
ovku@mail.ru

In article the institutional structure of regulation of the financial market is considered. According to the authors opinion the reduction of the institutional organization of the financial market to a set of participants-institutes, regulators and infrastructure elements is methodologically incorrect. Institutes are defined as regulatory principles witch prescribe or forbid different ways of action and have both scientific sense, and practical value from the point of view of an institutional science.

Keywords: financial market, financial reform, financial market regulation

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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