Integrating public law regulation and strategic management mechanisms in the financial market management system

The Russian financial market as an object of complex regulation and management has been studied. Based on a systematic approach, the relationship between public law regulation carried out by the Bank of Russia and management practices (management) at the level of the regulator, professional participants, and consumers of financial services has been revealed. It has been shown that legal norms set the institutional framework, and management ensures the adaptability, efficiency, and stability of the financial market. Special attention has been paid to the role of the Bank of Russia as a strategic manager and the implementation of risk-based supervision, behavioral supervision, and regulatory technologies. The theoretical and managerial model of the financial market has been substantiated, and its key functions from a managerial perspective such as investment, liquidity, information, and risk management functions have been analyzed. Modern managerial innovations in regulation, including self-regulation, sustainable development, and a customer-centric approach, have been revealed. The practical significance of the research lies in the possibility of ap plying the proposed approaches to improve the activities of both the Bank of Russia and professional financial market participants. It is necessary to integrate legal and managerial competencies to ensure stability, efficiency, and trust in the financial system. The improvement of behavioral supervision, the development of regulatory ‘sandboxes’, the deepening of the proportionality principles, and the implementation of ESG approaches in financial institutions management have been identified as promising areas for further integration of law and management.

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