INNOVATIONS ON THE LEGAL REGULATION OF BANKING OPERATIONS IN DOMESTIC LEGISLATION

Author(s): Samorodov D.A.

Rubric: Relevant issues of private law

DOI: 10.21777/2587-9472-2024-2-60-65

Release: 2024-2 (42)

Pages: 60-65

Keywords: banking law, bank, non-bank credit institution, banking system of the Russian Federation, banking operation, transaction of a credit institution, universal license, basic license, precious metals

Annotation: This article is devoted to the analysis of the current state of the norms of domestic legislation on banks, the banking system of the Russian Federation and banking activities, as well as the identification of the main trends in its development. The article analyzes the amendments and additions made to the current legislation, primar- ily to the provisions of the Federal Law “On Banks and Banking Activities”, which is one of the key regulatory legal acts regulating the functioning of the Russian banking system. The article identifies the main innovations in domestic legislation on banking operations. A number of proposals is also formulated, which is aimed at clarify- ing and supplementing the conceptual apparatus used in this Law, with the aim of further improving the legal regulation of banking operations in Russia. The relevance of the study of innovations in banking legislation is beyond doubt. The explosive growth in the number of banking products offered to the public and legal entities is observed. The increasing debt burden of the population and, as a result, an increase in the total number of bankruptcy procedures for individuals forces the legislator to “hone” the basic definitions of the Law.

Bibliography: Samorodov D.A. INNOVATIONS ON THE LEGAL REGULATION OF BANKING OPERATIONS IN DOMESTIC LEGISLATION // Journal of Legal Sciences. – 2024. – № 2 (42). – С. 60-65. doi: 10.21777/2587-9472-2024-2-60-65