Financial Stability as a Goal of Supervision in the Financial Market

In this article, the author analyzes the goals of financial market supervision. It is noted that the primary goal of supervision is to ensure financial stability. The author examines the main approaches that have been developed in legal doctrine and regulatory acts in Russia and several foreign countries on this issue. The article argues that the differences in the legal understanding of financial stability are influenced by factors such as the specific organization of the financial market supervision system and the differences in the tools used by financial market regulators. The author concludes that in order to maintain financial stability, it is necessary to: 1) create conditions for the safe functioning of certain types of financial intermediaries; 2) ensure the stable operation of payment systems; 3) establish mechanisms for protecting the rights of financial service consumers.