Legal aspects of the development of the financial sector in the conditions of digitalization
Abstract
In the study, the author focuses on the development of regulatory approaches to the functioning of the financial sector in the context of digitalization. The concept of financial technology is considered. As examples, new digital solutions currently being introduced in the financial sector are indicated. The main problems associated with the implementation of digital technologies in the activities of the subjects of the financial system are revealed. It is concluded that for the successful further development of the Russian financial sector, it is necessary, with the direct participation of the Bank of Russia, to form an appropriate legal framework that will create conditions for the effective implementation of new digital technologies by financial market entities.
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Abstract
In the study, the author focuses on the development of regulatory approaches to the functioning of the financial sector in the context of digitalization. The concept of financial technology is considered. As examples, new digital solutions currently being introduced in the financial sector are indicated. The main problems associated with the implementation of digital technologies in the activities of the subjects of the financial system are revealed. It is concluded that for the successful further development of the Russian financial sector, it is necessary, with the direct participation of the Bank of Russia, to form an appropriate legal framework that will create conditions for the effective implementation of new digital technologies by financial market entities.
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