The thesis is devoted to developing theoretical, methodological and methodical foundations and practical tools for financial supervision in Ukraine and working out practical recommendations aimed at its improvement.
According to the results of the structural-decomposition analysis, the categorical apparatus of financial supervision was specified in the dissertation. It was proposed to understand financial supervision from the point of view of managerial and organizational approaches. The conceptual differences between financial supervision and other state functions in the financial sector in particular financial regulation, financial control, and financial monitoring were defined, which made it possible to determine their common and distinctive features regarding the purpose, object, subjects and employing methods.
The essence of financial soundness and conditions for its achievement as a goal of financial supervision were determined by incorporation of criteria of reliability, transparency, and efficiency in the work of financial intermediaries, financial market and supervisory bodies. The study of strategic and fundamental documents related to the economic system, the financial sector, and financial supervision revealed a superficial and fragmentary approach to defining the current situation, key issues in financial supervision, and directions for their solution. To solve this problem, the concept of strategic development of financial supervision was developed, based on a combination of such approaches: institutional, functional, structural and resultant.
The paper determined the quantitative assessments of the compliance of financial supervision with international principles in general and in its directions in accordance with the structure of the financial sector by means of a grade and score of the implementation of each of the principles and the use of the arithmetic mean and geometric meanwhile. It gave a comprehensive assessment of the compliance of national supervisory systems with international standards and best world practices. According to the results of the evaluation, it was established that, among all international financial supervision principles, the practical implementation of the principles related to ensuring an adequate level of institutional, operational and financial independence and accountability of supervisory bodies remained the most problematic.
