STRATEGIC DIRECTIONS OF REFORMING THE MARKET OF CREDIT SERVICES IN UKRAINE IN THE CONTEXT OF EUROPEAN INTEGRATION PROCESSES
Abstract
The article examines the theoretical foundations and provides practical recommendations for the introduction, formation and development of the information and credit market of Ukraine. The purpose of writing this article is to develop theoretical and methodological foundations, scientific and methodological approaches and practical recommendations for reforming the credit services market in Ukraine in the context of European integration. This paper uses a set of methods of scientific cognition, which ensured the conceptual unity and relevance of the study. The methodological basis of the study is a systemic and institutional approaches, according to which the information and credit market is considered in close connection with the implementation of objective laws and institutional features, both its market organization and government regulation. The essence of the definition of "information and credit market" is revealed, by which we understand the specific economic relations between owners and users of information resources and services that mediate their exchange, purchase and sale within the credit system of Ukraine. The end product of the information and credit market is an information resource or service that is offered as a commodity, in order to ensure monetary relations of participants in the credit services market. The specificity of this product is that its significant part has only consumer value and is sold free of charge. The article reveals that for the qualitative development of the information and credit market it is necessary to form a professional regulatory system, a control mechanism, as well as objective supervision (supervisory body). The article proves that the lack of a single licensing and management body operating under standard rules can lead to increased costs for government regulators in reforming the credit services market in Ukraine. It is concluded that the development of the credit services market in Ukraine in the context of European integration requires a new information structure with simplified access to information from various departments.
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