International regulatory changes in financial systems as a factor of stability

Abstract

The necessity of regulating certain legal and finance systems derives from the possibility that they may have a major impact on essential processes in countries. Therefore, depending on the market conditions and integration intentions of specific political or financial groups, the countries are forced to implement new regulations. Such regulations are different everywhere in the world; there are hundreds of laws and legal acts arising from national and local governments, which cover various aspects of the economy. The paper examines the international capital agreements and legal acts responsible for the stability of the finance sector and its members, which lead to overall stability of a society. Analyzing the contemporary literature reveals the countries which have successfully managed to implement the high-demand criteria.

Citation