The role and significance of the basic standards of financial institutions (financial and legal aspects)

The author examines the role and significance of the basic standards of financial institutions. The reasons for the standardization of the activities of financial organizations are analyzed and the goals achieved during the adoption of the acts under consideration are identified. The aim of the study is to determine the impact of standards on the process of organizing the activities of financial market participants. This is necessary to establish directions for the development of the mechanism of legal regulation and supervision in the financial market. Results. As a result of the study, the author comes to the conclusion that the process of standardization of financial relations in the financial market ensures the unification of the mechanism of financial and legal regulation of the activities of various financial intermediaries, standardization provides a combination of mechanisms of public law regulation and self-regulation. The author concludes that the inclusion of the basic standards of financial organizations in the system of sources of financial and legal regulation of the financial market ensures the formation of a system of behavioral supervision of the Bank of Russia.

financial market, financial service, basic standards of financial institutions, financial institution, non-bank financial institution, behavioral supervision