Financial Law and ManagementReference:
Legal Regulation of Credit Organizations' Activity in Eurasian Economic Union Founding States
Abstract.The article is devoted to the issues that may arise in the process of legal regulation of credit orgaizations' activity within the Eurasian Economic Union. The aim of the research is to develop single legal mechanisms for regulating social relations in the credit-and-monetary sphere. The subject of the research is a set of associated laws and acts that regulate the activity of credit organizations. The authors of the article analyze the legislative policy of the Republic of Belarus, Russian Federation and Republic of Kazakhstan aimed at developing single legal mechanisms of credit-and-monetary integration. The authors underline that generally speaking, regional economic integration of the Eurasin Economic Union can be successful if the Union's policy continues to have positive dynamics of both financial and credit-and-monetary spheres. The methodological basis of the research implies the normative, complex, systems approaches to analyzing law and order in the sphere of credit-and-monetary relations established or being developing in the territories of the Union member-states. The comparative law method was especially used by the authors during their research and the authors, in fact, built the research model thereupon. The authors also used the history of law method to analyze the development of the EEU member states from the point of view of history. Based on available experience of this new form of international regional cooperation that was initially created on the basis of economic integration, the authors conclude that harmonization and unification of the EEU member states' legislation in the sphere of public finances will be a considerable step towards fuller integration. At the same time, there are certain differences and common features in the legal regulation of these founding states.
Keywords: economic integration, Eurasian Economic Union, unification of legislation, harmonization of legislation, integration law, finance market, banking business, credit organization, integration organization, financial law
Article was received:28-03-2017
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