Studies > Financial services market

Financial services market

Тип: Нормативний

Кафедра: department of financial technologies and consulting

Навчальний план

СеместрКредитиЗвітність
104Іспит

Лекції

СеместрК-сть годинЛекторГрупа(и)
1016доцент Lapishko Zoriana

Практичні

СеместрК-сть годинГрупаВикладач(і)
1032доцент Lapishko Zoriana

Опис курсу

The “Financial Services Market” is a normative course for the “Finance, Banking, Insurance, and Stock Market” specialty and the “Finance, Banking and Insurance” educational program. It is taught in the 2nd semester and is a 4-credit course (ECTS).

The course aims to provide students with theoretical knowledge on the fundamentals of the financial services market, including its infrastructure development and institutional and segmental structure. Throughout the course, students will also acquire practical skills in analyzing consumer needs for financial services, evaluating their suitability, and performing comparative analyses.

The primary goal of the course is to develop an understanding of the theoretical and organizational principles of how financial intermediaries operate within the market, as well as the market’s structure, regulatory methods, and the procedures for providing specific services. It also aims to build the theoretical knowledge, practical skills, and abilities necessary for professional activities in this field.

The main learning objectives are to:

  • Develop an understanding of the relationships that arise among individual economic entities in the financial services market.
  • Explain the essence of the financial services market’s infrastructure and the system of specialized financial institutions.
  • Teach students how to identify the needs of financial service consumers in specific situations and how various financial services can meet those needs.
  • Show the role of the state in the financial services market and highlight the main directions of state policy in regulating financial relations.
  • Develop skills in the economically sound analysis of financial services from different market entities, enabling students to select the most beneficial services for a consumer in a given economic situation.

Рекомендована література

  1. Lapishko Z. Ya., Grudzevych U., Tyshchenko A. The impact of military conflicts on stock trading in international stock markets. Economy and Society. 2024. No. 65. https://doi.org/10.32782/2524-0072/2024-65-122
  2. Lapishko Z.Ya., Yevtukh L.B. Prospects for the activities of financial supermarkets in the context of digital transformation in Ukraine. Economy and Society. 2022. No. 40. URL: https://economyandsociety.in.ua/index.php/journal/article/view/1510 .
  3. Financial Services Market: a textbook . / Harutyunyan S.S., Iorgachova M.I. and others; general editor. S.S. Harutyunyan, M.I. Iorgachova . – Kharkiv: “ Disa Plus”, 2020. – 312 p.
  4. Financial services market: a manual / N. R. Slav’yuk , S. V. Glushchenko. – Kyiv: NaUKMA , 2022. – 206 p.
  5. Financial services market: a textbook / ed . O.V. Tretyakov , V.M. Kharabar , R.I. Greshko – Chernivtsi: Chernivtsi National University named after Yu. Fedkovych, 2022. 118 p.
  6. Financial market: textbook / edited by Dr. of Economics, Prof. B.I. Pshyk . – Kyiv: State Higher Educational Institution “University of Banking”, 2019. – 555 p. ( Lapishko Z.Ya. author of chapters 3-4).
  7. White Paper “The Future of Insurance Market Regulation in Ukraine”. National Bank of Ukraine. Kyiv, April 2020. 28 p. URL: https://bank.gov.ua/admin_uploads/article/White_pape r_insurance_2020.pdf?v=4
  8. White Paper “The Future of Non-Bank Leasing Regulation “. May 19, 2020 9:50. – Access mode: https://bank.gov.ua/ua/news/all/bila-kniga-maybutnye-regulyuvannya-nebankivskogo-lizingu
  9. White Paper “The Future of Credit Union Regulation “. Mar 31, 2020 9:26 AM. – Access mode: https://bank.gov.ua/ua/news/all/bila-kniga-maybutnye-regulyuvannya-kreditnih-spilok .
  10. White Paper “The Future of Regulation of Pawnshop Activities “. May 20, 2020 – Access mode: https://bank.gov.ua/ua/news/all/bila-kniga-maybutnye-regulyuvannya-diyalnosti-lombardiv
  11. Global Retail Banking Report 2022. Capgemini research institute . URL:https://www.wrbr2022-efma-capgemini-final-1650474685VfNBt.pdf . (access date: 10.07.2022)
  12. Classification of Economic Activities (KVED) [Electronic resource]. – Access mode: http://merega.kiev.ua/menu/kved.php .
  13. Concept of the NBU Platform for Innovative Financial Solutions (Regulatory Sandbox). July 2020. – Access mode: https://bank.gov.ua/admin_uploads/article/Finteh2025_pisochnycja.pdf?v=4
  14. Lapishko Z. Ya. The impact of Insurtech on the development of the insurance market / Z. Ya. Lapishko // Financial Space. –– 2023 – No. 1(49). – P.17-34. DOI: https://doi.org/10.30970/fp.1(49).2023.173031
  15. Lapishko Z. Ya. The impact of state programs on the development of mortgage lending in Ukraine. Innovative technologies in the development of modern society: abstracts of the reports of the V International Scientific and Practical Conference, October 5–6, 2023. – Educational and Scientific Institute of Spatial Planning and Advanced Technologies of the National University “Lviv Polytechnic”. – Lviv: Lviv Polytechnic Publishing House, 2023. P. 107-110. – URL: https://ippt-lpnu.herokuapp.com .
  16. Lapishko Z. Ya. Trends in the development of the insurtech market and their impact on the insurance industry. Collection of abstracts of the reporting scientific conference of the Ivan Franko National University of Lviv for 2022 (electronic edition): Section of the Faculty of Finance and Business Management, (Lviv, February 1-8, 2023). – Lviv: I. Franko National University of Lviv , 2023.
  17. Lapishko Z. Ya. Key tasks of further reforming the pension system of Ukraine. Innovative technologies in the development of modern society: collection of abstracts of the International Scientific and Practical Conference, April 18-19, 2019 / Educational and Scientific Institute of Entrepreneurship and Promising Technologies of the National University “Lviv Polytechnic”. – 2019. – p.239-241
  18. Financial Markets and Institutions , 8th Edition , Frederic Mishkin & Stanley Eakins , Pearson Series in Finance (2019).
  19. Economic Code of Ukraine dated January 16, 2003 No. 436–IV//Vidomosti Verkhovnoi Rada of Ukraine (VVR), 2003, No. 18 (as revised on March 7, 2018) [Electronic resource]. – Access mode: – http://zakon5.rada.gov.ua/laws/show/436–15.
  20. Civil Code of Ukraine dated January 16, 2003 No. 435–IV // Bulletin of the Verkhovna Rada of Ukraine (VVR), 2003, No. 40–4418 (as revised on March 7, 2018) [Electronic resource]. – Access mode: – http://zakon5.rada.gov.ua/laws/show/435–15.
  21. Law of Ukraine “On Financial Services and Financial Companies”, No. 1953-IX dated 01.01.2024, as amended [Electronic resource] – Access mode: https://zakon.rada.gov.ua/laws/show/1953-20#Text .
  22. Law of Ukraine “On the Institute of Joint Investment”, No. 5080-VI dated 05.07.2012 with amendments and supplements [Electronic resource] – Access mode: https://zakon.rada.gov.ua/laws/show/5080-17#Text .
  23. Law of Ukraine “On Credit Unions”, 3254-IX dated 01.01.2024 with amendments and supplements [Electronic resource] – Access mode: https://zakon.rada.gov.ua/laws/show/3254-20#Text
  24. Law of Ukraine “On Financial Leasing”, No. 1201-IX dated 04.02.2021, as amended [Electronic resource] – Access mode: https://zakon.rada.gov.ua/laws/show/1201-20#Text .
  25. Law of Ukraine “On Factoring”, No. 4466-IX dated 03.06.2025 [Electronic resource] – Access mode: https://zakon.rada.gov.ua/laws/show/4466-20#Text
  26. Law of Ukraine “On Payment Services” No. 1591-IX of 30.06.2021 [Electronic resource]. – Access mode: https://zakon.rada.gov.ua/laws/show/1591-20#Text
  27. Law of Ukraine “On Joint-Stock Companies”, No. 2465-IX of July 22, 2022, as amended [Electronic resource] – Access mode: https://zakon.rada.gov.ua/laws/show/2465-20#Text
  28. Law of Ukraine “On State Regulation of the Capital Market and Organized Commodity Markets”, No. 738-IX dated June 19, 2020, as amended [Electronic resource] – Access mode: https://zakon.rada.gov.ua/laws/show/448/96-%D0%B2%D1%80#Text
  29. Law of Ukraine “On Capital Markets and Organized Commodity Markets”, No. 738-IX dated June 19, 2020, as amended [Electronic resource] – Access mode: https://zakon.rada.gov.ua/laws/show/738-20#Text .
  30. Law of Ukraine “On Banks and Banking Activities” dated 07.12.2000 No. 2121–III // Bulletin of the Verkhovna Rada of Ukraine (VVR), 2001, No. 5–6 (as amended on 01.04.2018) [Electronic resource]. – Access mode: – http://zakon5.rada.gov.ua/laws/show/2121–14.
  31. Law of Ukraine “On the Depository System of Ukraine” dated 06.07.2012 No. 5178–VI // Bulletin of the Verkhovna Rada of Ukraine (VVR), 2013, No. 39 (as amended on 06.01.2018) [Electronic resource]. – Access mode: – http://zakon5.rada.gov.ua/laws/show/5178
  32. Convention on Interstate Leasing; International Document No. 997_179 of 25.11.1998 // Access mode: http://zakon1.rada.gov.ua/laws/show/997_179.
  33. UNIDROIT Convention on International Factoring: UNIDROIT; Convention; International Document of May 28, 1988 No. 995_210 // Access mode: http://zakon2.rada.gov.ua/laws/show/995_210.
  34. On non-state pension provision; Law No. 1057-IV of 09.07.2003 // Access mode: http://zakon2.rada.gov.ua/laws/show/1057-15.
  35. Regulations on the procedure for issuing special means of payment and conducting transactions using them: Resolution of the NBU dated 05.11.2014 No. 705 (as amended on 09.09.2016) [Electronic resource]. – Access mode: – http://zakon3.rada.gov.ua/laws/show/v0705500–14 14.
  36. On approval of the Methodology for calculating concession payments: Resolution of the Cabinet of Ministers of Ukraine dated April 12, 2000 No. 639 (as amended on March 15, 2016) [Electronic resource]. – Access mode: – http://zakon5.rada.gov.ua/laws/show/en/639–2000– %D0%BF.
  37. Regulations on clearing activities: National Securities and Stock Market Commission, Regulations No. 429 of March 26, 2013 // Access mode: http://zakon2.rada.gov.ua/laws/show/z0562-13 .
  38. On Amendments to Certain Legislative Acts of Ukraine Regarding Improvement of Functions of State Regulation of Financial Services Markets. (On “Split”) Law of Ukraine dated 12. 09. 2019// Access mode: https://zakon.rada.gov.ua/laws/show/79-20#Text