MARKET OF NON-BANK FINANCIAL SERVICES OF UKRAINE

Abstract

The purpose of the article is is to study the current state of the non-banking financial services market, their impact on the national economy and development prospects.

The scientific novelty is disclosure of the main components of the market of non-banking financial services in Ukraine and features of non-banking financial institutions. Their current state, strengths and conditions of revival of the market of non-bank financial and credit services are revealed. The ways of economic development of the market of non-bank credit and financial services within the limits of: macroeconomic stability are revealed; adherence to high standards of corporate governance and transparency, which will have a positive impact on the level of confidence in the market and give it additional impetus for the development and regulation of international standards, including the implementation of EU legislation.

Conclusions. It is possible to use non-bank credit and financial institutions in the financial market of the state to attract the role of intermediaries. For further economic development of the market of non-bank credit and financial services it is necessary to support certain requirements: 1) Non-bank financial institutions must maintain stability in the financial system of the country, which grows in terms of replenishment of financial services.  2) The non-banking sector must adhere to high standards of corporate governance and transparency, which will have a positive impact on the level of market confidence and give it an additional impetus to development. 3) The system of regulation and supervision of the NBFI sector should be based on international standards, including the implementation of EU legislation.