Strategic Management of the Financial System in the Conditions of Economy Globalization

  • Valentina BEREZYUK Karaganda Economic University, Faculty of Finance, Karaganda, Kazakhstan
  • Nazgul DARIBEKOVA The Karaganda State University of the name of academician E.A. Buketov, Faculty of Economy Karaganda, Kazakhstan
  • Aigul DARIBEKOVA The Karaganda State University of the name of academician E.A. Buketov, Faculty of Economy Karaganda, Kazakhstan
  • Margarita MELNIK Financial University under the Government of the Russian Federation, Faculty of Economic, Moscow, Russian Federation
  • Marina GORDOVA Financial University under the Government of the Russian Federation, Faculty of Economic, Moscow, Russian Federation

Abstract

Strategic management of the financial system of the Republic of Kazakhstan in the context of the globalization of the economy is one of the main conditions and factors for ensuring financial stability in the country.


The implementation of supervisory powers in the financial sphere is carried out in each country in the institutional forms established by law. The choice of a specific method of regulating organization is determined by the set of factors characteristic for each country. The forms of implementation of regulatory functions in each particular country do not remain unchanged, they are constantly being improved.


The creation of a separate regulatory body to oversee all participants of the financial market in the Republic of Kazakhstan is an important step in the development of the regulation of the financial system of the Republic of Kazakhstan. World practice shows that such a regulatory framework is most effective for the development of the financial sector, financial instruments and financial intermediation services

References

[1] Nazarbayev N. 2017. Message of the President of the Republic of Kazakhstan to the people. Socio-economic modernization is the main vector of Kazakhstan's development.
[2] Zhukova Ye. 2015. Banks and banking operations. Moscow. 470.
[3] Keynes J. 2015. Selected Works. Moscow. The general theory of employment, interest and money. 516.
[4] Murychev A. 2017. Banking supervision: what should it be. Money and Credit, 4(12): 7-19.
[5] Elizarov V. 2015. Banking supervision in the European Union: key aspects. Problems of modern Russian and international law. Moscow. 196.
[6] Kalantyrsky D. 2016. Ways to improve the legal regulation of banking supervision. Legal work in a credit institution, 1(33): 31-39.
[7] Tavisiev A. 2016. Anticrisis management of credit organizations. Moscow. UNITY-DANA. 480.
[8] Korogodov I. 2017. About the Legal Aspects of the Concept of Banking Supervision. Legitimacy, 4(27): 41-47.
[9] Trubitsyn P. 2015. Banking supervision - transition from formal to substantial. Financial Management, 2(13): 71-77.
[10] Aitbaeva K., Akhmetova K. 2014. Banking: foreign experience and Kazakhstan practice. Almaty. 785.
[11] Sadvokasova K. 2018. Banking regulation in the RK: domestic and foreign experience. AlPari, 4(11):143-147.
[12] Iskakova Z. 2014. Financial and credit system of Kazakhstan in a market economy. Almaty. Computer and Publishing Center of the Institute of Philosophy and Political Science of the Ministry of Education and Science of the Republic of Kazakhstan. 237.
[13] Malykhin D. 2017. Organization of the work of internal controllers and auditors to meet new capital adequacy requirements ‘Basel II’. Banks of Kazakhstan, 1(31): 41-43.
Published
2018-12-13
How to Cite
BEREZYUK, Valentina et al. Strategic Management of the Financial System in the Conditions of Economy Globalization. Journal of Advanced Research in Law and Economics, [S.l.], v. 9, n. 2, p. 774-784, dec. 2018. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/2506>. Date accessed: 16 aug. 2022. doi: https://doi.org/10.14505//jarle.v9 2(32).40.