TOOLKIT FOR FINANCIAL AND LEGAL REGULATION OF THE ACTIVITIES OF CREDIT ORGANIZATIONS OF EUROPEAN STATES

The objective processes of globalization, accelerated by the development of digital technologies, significantly affect the financial market both in terms of the speed of operations by its participants and its structure, the emergence of new financial and legal instruments, some of which are accessed in virtual space and emitted by computer programs, the emergence of new players, services and ways of doing business, which in general acts as a new factor of upheavals in the financial sector and changes the risk profiles of credit organizations and in the introduction of new instruments of financial and legal regulation. The relevance of this study is determined by the fact that rapid socio-economic development has led to an increase in the gap between legal theory and reality. As a result, it becomes increasingly difficult to objectively assess whether the financial and legal regulation policies adopted by the countries of the world meet the fundamental goals of stimulating the growth of the financial market and the development of competition, and whether these policies are based on a realistic picture of the market. The application of tools of financial and legal regulation of the activities of credit organizations, taking into account decision-making based on the regression model, which allows predicting crisis phenomena in the industry and adapting the level of regulation at a faster pace, taking into account the transformation of the financial market as developed countries. The key change lies in the new role that regulators are beginning to play: they now not only respond to market changes by shaping and setting the regulatory framework for participants, but also become the central source and defining instrument of market change. Thus, taking into account the rate of growth of the digital economy, the introduction of digital technologies, the appearance of new players on the market, the strengthening of the processes of globalization and capital consolidation of credit organizations, we can talk about the ongoing structural transformation of the Ukrainian financial market. In combination with a radical change in the role of the regulators themselves in the conditions of the transformation of the financial market, this phenomenon raises a number of scientific questions.