Information on the thesis

Thesis for the Candidate Degree in Economic Sciences. Specialty 08.00.08 – Money,
Finance and Credit – Ivan Franko National University of Lviv, Lviv, 2016.
The thesis deals with the essence, functions and structure of the national capital market
and its infrastructure. The classification of the long-term financial instruments was investi-
gated. The analysis of the scientists’ basic views on the concept of «financial security of the
capital market» was performed, and it was determined that a systematic approach in studying
it  involves  consideration  of  both  qualitative  and  quantitative  definiteness.  The  important
internal and external threats to the financial security of the capital market were revealed.
The regulation system of capital markets, covering four-level regulation: market, state,
public and international regulation, was analyzed. The economic content of state and social
regulation of the capital market was determined. The mechanism of capital market regulation
system in terms of achieving financial security was analysed. The structure of the mechanism
of capital market system regulation was revealed as  a set of mechanisms: state regulation,
complemented by market mechanism and the mechanisms of public and international regu-
lation. The growing role of social organizations and professionalism of their representatives in
shaping the development strategies of the national capital market of Ukraine was revealed.
The study of the major status indicators of stock market financial security and banking
security in Ukraine was conducted. The insufficient effectiveness of regulation NBU mone-
tary circulation in the country was ascertained. The development trends of the stock market
and bank loans were analysed and evaluated in the context of guaranteeing financial security.
The institutional and legal regulation of stock market was monitored and the features of its
development were highlighted. The periods of the evolution of state regulation of Ukrainian
securities market were classified regarding stages separation and gaps identification.
The importance of use of new types of financial instruments and derivatives, to main-
tain liquidity and risk reduction of national capital market, was proved. The thesis empha-
sizes, that the main lever for achieving competitiveness of the capital market is a balanced
implementation of competition policy. The content and directions of its implementation were
determined. The priorities to strengthen the competitiveness of the capital market were groun-
ded. The content and main directions of formation and implementation of institutional and
security policy of domestic capital market to ensure financial security were revealed. As a re-
sult, taking into account European experience, it is important in Ukraine to create an orga-
nizational model, based on combination of financial regulators, for consolidated supervision
and control over financial markets, which will help to overcome fragmentation and incon-
sistent regulatory framework, and will improve financial security.
Key words: capital market, financial security, government regulation, market regulation,
social regulation, bank credit market, stock market, financial instruments.