Management and regulation in various sectors of the economy is one of thebasic functions of the state. Public administration is a set of measures,which is aimed at control, regulation and containment of certain foreign exchange transactions, including in the sphere of securities circulation. Principlepublic administration and state regulation is the basic the principle of organizing and ensuring the successful, effective management of the entirebanking activities (at the national and international levels) Public administration, on the one hand, is an area of public financial and legal influence, the main goal of which is the prompt implementation of nationwide programs in the financial sector. FROMon the other hand, state regulation of banking activity is the management development of the entire banking system, as a result of which the direction and a list of goals and objectives that should be addressed in national areas.The circulation of securities in Russia is also manageable by the state, the main instrument is legal regulation through the development of relevant regulatory legal acts.
Public administration at the first level of emergenceabsolutely on all elements and frameworks of the banking system of the Russian Federation, including the Central Bank. The main areas of regulation are as follows:
- definition and adoption of a single monetary policy;
- development of control measures for the implementation of legislation in the field of monetary and credit relations;
- development of a legal mechanism for banking regulationactivities.
Public administration at the second level implies direct or indirect regulation of the activities of executive bodies that are authorized to carry out banking activities.Consider the legal aspect of economic management in banking. Systemically important legislative acts define bankingactivities. For example, the Constitution of the Russian Federation defines the place of the banking system in the economic system, establishes the status and general powers of the Bank of Russia, constitutional norms directly related to banking, the rights and freedoms of citizens inrelations with banks and other levels of legal regulation of banking activities. This is a general backbone legislative setting that determines its attitude when the formation changes, at some stage of transition to a market stage of development. That is, when the Constitution is amended,it will be possible to clarify those provisions that relate not only to the general aspects of banking activity, but also to its individual areas, for example, the circulation of securities.
Other legislative acts also have a regulatory effect. For example, the Civil Code of the Russian Federation provides general, mandatory for all participants in banking activities and any other financial activity affecting settlements within the framework ofcredit and financial system of the country (circulation of securities), definitions of concepts, forms and methods of banking operations, etc.
The circulation of securities in the Russian Federation is regulated by the Federal Law "On the Securities Market", which describes the peculiarities of the use of securities by various groups and issuers in the territory of the Russian Federation. It can be stated with certainty that inas an object of financial legal relations in the field of issuance and circulation of securities can and should be the behavior of the relevant subjects(participants) aimed at performing various transactions with securities and their organizational support in order to achieve the set goals, which in turn must fully comply with the norms of the current legislation [3]. The management of the circulation of securities should be attributed to the first level of state management of the banking sector in the Russian Federation.
Thus, it is worth noting that management is one of the basic functions of the state and it applies to various sectors of the economy, including including the banking sector. It has been determined that the state management of the banking system of the Russian Federation has two levels, which is typical for the type of Russian economy and fully corresponds to current needs and demands.
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