Dobrynin, I.N. Legal regulation of functioning of the credit and financial institutions in the conditions of globalization of the world economy

Abstract: In this article, based upon the analysis of Russian and foreign experience, the author shows the specific features of the formed banking system of the Russian Federation, including the ideas for improvement of the Russian banking system, as well as state control in the sphere of credits and finances by reforming the existing mechanism of control over the banking system in Russia by separating the control mechanism from the Central Bank of the Russian Federation and formation of the Federal Banking and Financial Control Service, Agency for the Restructuring of Credits, and the Federal Foundation for Insurance of Bank Accounts. Also, attention is paid to the need to improve the institutions of international regulation of credit and finances due to the influence of globalization, and formation of the global financial system.

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