THEORETICAL AND CONCEPTUAL ASPECTS OF ENSURING THE FINANCIAL STABILITY OF THE STATE

The article analyzes companies whose activities are so significant for the state's economy that their bankruptcy can have a significant negative impact on the country's financial stability. The author provided a comprehensive, complete and deep analysis of the term “Too Big to Fail” and the Ukrainian equivalent “Too Big to Fail” is suggested. In the course of the research, different approaches of foreign scientists to the definition of companies that are too big to fail were analyzed. The author outlined the problem of interconnection between participants of the financial market, which consists in the fact that the collapse of one company can cause global negative consequences for the economy of the whole world. The desire of regulators to keep the stability of the economy under control by providing help to companies that are on the verge of bankruptcy and whose collapse could have a global negative impact on the financial system is studied. Taking into account the analyzed material, the author proposed to improve the terminology of the company's TBTF and proposed his own definition. In the article, the author examines the EU legal regulation of systemically important financial institutions. In the course of the research, a comparative legal analysis of the terms “systemically important bank” and “Too Big to Fail” company was made. It was established that the specified terms differ in form, but are similar in essence. Understandably, the terms “systemically important bank” and “too big to fail” company are quite similar, since the study, definition and establishment of systemically important banks and too big to fail companies pursue one goal — to prevent their negative global impact on the financial and economic systems of an individual state and the world as a whole.