DERIVATIVE FINANCIAL INSTRUMENTS AS RISK HEDGING

Abstract

The article discusses the problems of the development of derivative financial
instruments in the global economy. The analysis of the current state of the exchange and overthe-counter markets of derivative financial instruments is carried out. The legal regulation of
the derivatives market in international and Russian banking practice is considered. The paper
also identifies the main trends in the development of the derivatives market in modern
conditions, justifies the need for a new approach to their regulation in the Russian financial
market.