DOI: 10.25136/2409-7802.2020.3.31670

Abstract: The subject of this research is the problems of allocation of resources associated with risk management of the registry of securities holders. The object of this research is the activity of the registrars on risk management. The author examines the peculiarities of risk management techniques of registrars, and dynamics of their application for the period from 2001 to 2018. The factors that contribute to selection of one or another technique are analyzed. Special attention is given to the market insurance and reservation as management techniques, as well as to price and institutional factors that affect the choice. The article employs the methods of retrospective research of economic indicators in accordance with sampling that covers Russia’s largest registrars (in 2001-2018), as well as methods of correlation and regression analysis. As a result of the conducted research, the author determines stages in the dynamics of using the key risk management techniques. The factors of dynamics are related to the parameters of risk and relative cost of implementation of particular techniques. The author's contribution consists in the empirical research on the basis of public data of factors and trends in allocation of resources associated with risk management of registrars on the financial market for the period from 2001 to 2018. The novelty of this work lies in outlining the factors and trends in allocation of resources related to risk management of registrars in fort the period from 2001 to2018, considering public data on the activity of Russia’s largest registrars, content analysis of publications, and case law of the  computer-based legal research system “ConsultantPlus”.

DOI: 10.25136/2409-7802.2019.4.31646

Abstract: The subject of this research is the problems of allocation of resources related to risk management of administrators the securities register. The object of this research is the activity of security registrars on risk management. The author examines the peculiarities of risk management techniques, dynamics of their utilization in 2001-2018. The impact of factors on changing preferences with regards to different methods of risk managements is explored. Special attention is given to market insurance and reserving, as well as price and institutional factors affecting the selection of risk management techniques. As a result of the conducted research, the author defines the stages in the dynamics of implementation of the key methods of risk management, which depend on the parameters of risk and relative cost value of the use of particular means. The author’s contribution consists in the empirical research on the basis of public data and trends of changing the allocation of resources related to risk management of securities registrars over the period from 2001 to 2018. The scientific novelty lies in determination of trends and factors of changing the allocation of resources, associated with risk management of registrars in the period of 2001-2018 based on the public data on the activity of largest registrars of the Russian Federation, content analysis of publications and case law documents provided by the centralized database “Consultant Plus”.