Key areas of formation of the legal framework of the common financial market of the EAEU, taking into account the European experience

The subject of the study is the political and legal processes of the formation of the common financial market of the EAEU, the processes of harmonization of legislation on banking and insurance services, as well as legislation on the securities market. The article examines the regulatory and conceptual foundations of the common financial market of the EAEU, draws parallels with similar processes in the European Union ("Lamfaloussi process", "Larosiere Process"). The concept of the formation of the common financial market of the EAEU in 2019 is analyzed in detail, its key components are highlighted. The emphasis is placed on the prospects of creating a supranational regulatory and supervisory authority as a necessary element of the emerging common market, some potential problems along this path are highlighted ("multi-speed integration", political differences), and the importance of taking into account the processes of digital transformation of financial services in the formation of a common market is pointed out. Research methods – analysis, synthesis, comparative legal (comparative) analysis, problem-chronological approach, as well as analysis of official documents. The scientific novelty of the article is determined by the relevance and constant dynamics of legal regulation of financial integration issues in the EAEU, elements of comparative legal analysis of models for building a common financial market of integration associations. The article analyzes the EAEU regulations and reports on the progress of building a common financial market, provides a comparison on a number of parameters of financial integration between the EAEU and the EU, and complements the theoretical definition of the term "common financial market". Based on the data obtained, the most promising directions for building a common financial market are recommended (digitalization of banking services, possible transition to a single currency, options for creating a supranational supervisory and regulatory mechanism in the financial sector), some problems and obstacles to the formation of a common financial market are identified.

financial market, internal market, eurasian integration, EAEU, financial services, banking services market, insurance services, investitions, financial integration, European Union