Vlasenko M. Transformation of the European Union financial sector in the conditions of institutional convergence.

The thesis deals with the economic nature and genesis of financial institutions in the EU concerning the evolution of theory of financial intermediation considering the effects of institutional convergence and "Europeanization". The definition of financial sector has been concretized considering the provisions of System of National Accounts methodology and theory of financial intermediation. The existing methodological approaches to assessing the financial sector of the EU have been generalized. Scientific and theoretical principles concerning the functioning of the EU financial sector transformation mechanism have been offered basing on disclosure and systematization of the major trends, factors and effects of transformational changes in the financial sector towards the qualitative and quantitative development of the EU securities markets and non-bank financial intermediaries. The features of financial intermediaries functioning in the process of strengthening the EU regulation have been exposed. A comprehensive assessment of the EU financial sector transformation has been carried out using methods of integrated evaluation according to concepts of financial centre and financial intermediaries development. The correlation, regression and factor analysis have been carried out to build an econometric model of non-bank financial assets growth. The method of logistic regression has been applied to carry out the EU countries clustering according to the characteristic features of financial sector. The thesis also investigates the dynamics of regional characteristics and prospects of financial convergence in the EU in the context of pan-European financial sector. The adaptation of the EU experience in the financial sector development in Ukraine has been substantiated and the recommendations for the further development of the Ukrainian financial sector in the context of European integration have been suggested.