Modern forms of prudential regulation of insurance activities in Ukraine.

Abstract

The international nature of financial activity causes a unification of approaches to the activities of financial market participants. In international practice, the basic principles of effective banking supervision have been developed by the Basel Committee on Banking Supervision. Banks have large amounts of capital and liquidity, and have also undergone stress testing, and liquidity support from central banks has helped reduce financing risks, putting them in a more favorable position than at the beginning of the global financial crisis. Financial services are defined in international treaties. Financial markets are divided into three sectors: banking services; securities market services; insurance services. Insurance services sometimes include the services of private pension funds.