Tropskaya S. S. The Financial Market Law: the Main Stages of Evolution

Abstract: The study outlines the main stages of development of the financial market law and its institutions: banking law, insurance law, the law of the securities market, the foreign exchange law. The study briefly sketches the origins of the financial market law in the ancient world and gives a more detailed description of further development of legal norms in Western Europe, the United States and Russia. The author explains the distinguishing features of the Russian financial market law such as lagged development and inherent public legal nature. The main methods of research are: logical, comparative law, comparative historical and formal dogmatic. The author notes that the specific feature of the Russian financial market law is the inherent prevalence of public and legal element. The public and legal regulation in the financial market has reached its culmination in Soviet period. Currently, there is an increase in number of legal acts reinforcing government intervention in the financial market.

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