Shvaydak V. Non-bank financial intermediaries in context of ensuring the economic development of the country

The thesis is devoted to the development of theoretical and methodological basis and financial support of non-banking financial intermediaries in conditions of ensuring economic development. It has been proposed the definition to the non-banking financial intermediation as a set of financial institutions that carry out professional activities in the wide range sphere and highly specialized financial services due to the regulator's license for profitable and investment-innovation model of the national economy, and complete the functionality of the banking institution with additional client advantages’ of personalization and additional service conditions. The systematization of the typology of non-banking financial intermediaries has been carried out and it has been proposed to create a new type of financial intermediaries - complex financial intermediaries of social significance based on the organizational interaction like the non-state pension fund / general investment institution in accordance to the asset management company. It has provided the compara- 20 tive analysis of foreign experience and domestic market practice of NFI activity based on monitoring of performance statistics and features of state regulation of NFI services. It has been researched the mechanism and peculiarities of interaction of the NFI’s with other participants of the financial market. It has been proposed the conceptual approach to the formation of interactional mechanism between the NFI’s and banking institutions which would ensure a mutually beneficial partnership, expansion of functionality, increase sales level, reduce the number of bankruptcies in the market, improve the quality of services, improving the general indicators of economic development and incomes. It has been argumented the influence of NFI stimulation on the economic development of the country including the main factors of inhibition of this development. It has been proposed a scientific-methodical approach to identification of the "false NFI’s development" scenario, which displays diverse manipulations and erroneous perceptions of the main indicators to the financial institution's activity, creates untrue views on the positive vector of NFI’s key indicators and opens up opportunities for obtaining economic benefits by conducting illegal asemi-legal operations. It has been defined the actual variety of NFI’s risks in the process of their activity hedging by the diversification of NFI assets in accordance with the situational need to adjust currency fluctuations on the basis of determining the proportions in the structure of NFP cash equivalents in national and foreign currencies. It has been developed the methodical approach to the evaluation of the unreal sector operations in NFP activity by means of monitoring the rating distribution of the financial intermediary market in accordance with the precedents of cooperation with the real sector of the economy, the reliability and transparency of urgent management report. It has been determined the object-subject interdependence of the tax charge and the level of NFI’s development in context of stimulating their operations and budget filling. It has been proposed the methodological approach, which provides the differentiation of the development conditions and NFI’s tax charge volume, based on the index of stimulation and the state regulator indicators, which provide the calculation of the economic effect from the activation of the NFP market and calculating the potential amounts of tax revenues of the NFP to the budget. It has been developed the implementation of the theoretical and methodological principles and practical recommendations to the formation of effective mechanisms for the activities of non-bank financial intermediation, which would contribute to the provision of intensive economic development of the country and the growth of the national economy and the improvement of the well-being of the population.