The comparative legal analysis is focused on the system of legal regulation of macroprudential regulation and supervision of the European Union (the “EU”) financial system and the regulation of coordinated macroeconomic policy in the Eurasian Economic Union (the “EAEU”). The significance of the research is explained by the increasing systemic risks in the presence of the structural changes in the international economy. The subject of the research is the key norms of the primary and secondary law of integra-tion associations, which define the key elements of macroprudential (macroeconomic) supervision of integration associations. There is defined the similarity of European regulation with international legal regulation of financial stability, and there are speci-fied similarities and differences of the organizational mechanism of the EU and the EAEU and its capabilities in the context of soft law.

The EU, the European Central Bank, the European Council on Systemic Risks, macroprudential supervision, the EAEU, the Eurasian Economic Commission, Coordinated macroeconomic policy, financial stability

Valiev Taimuraz Murtazovich – Postgraduate, Department of Integration Law and Human Rights Law, Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation (76, Vernadsky ave., Moscow, 119454, Russian Federation), ORCID: 0009-0002-5031-7287, RSCI AuthorID: 5881-1527, e-mail: vtaimuraz@gmail.com

Valiev T. M. Makroprudencial'noe regulirovanie v ES i EAES: organizacionno-pravovoj mekhanizm [Macroprudential regulation in the EU and the EAEU: an organizational and legal mechanism] Sibirskij yuridicheskij vestnik [Siberian Law Herald]. 2024, no 3(106), pp. 118–123. – DOI 10.26516/2071-8136.2024.3.118 (in Russian)

34.05

1. Valiev T.M. Pravovye aspekty realizacii sankcij ES v otnoshenii Rossii i Irana [Legal aspects of the implementation of EU sanctions against Russia and Iran]. Vestnik Moskovskogo universiteta MVD Rossii [Bulletin of the Moscow University of the Ministry of International Affairs of Russia], 2023, no. 4, pp. 97-102. (in Russian)

2. Evdokimov M. A., Kas’janov R.A. Pravovoj mehanizm Sojuza rynkov kapitala ES: budet li obespechena svoboda dvizhenija kapitala? [The legal mechanism of the EU Capital Markets Union: will freedom of capital movement be ensured]? Pravo. Zhurnal Vysshej shkoly jekonomiki [Law. Journal of the Higher School of Economics], 2023, no 3, pp. 221-244. (in Russian)

3. Evdokimov M.A. Sojuz rynkov kapitala ES: pravovoj mehanizm [The EU Capital Markets Union: legal mechanism]. Cand. sci. diss. Moscow, 2022, 277 p. (in Russian)

4. Kas’janov R.A., Evdokimov M.A. Cifrovizacija kak vazhnyj faktor regulirovanija rossijskogo finansovogo rynka i Sojuza rynkov kapitala ES [Digitalization as an important factor in regulating the Russian financial market and the EU Capital Markets Union]. Pravo i cifrovaja jekonomika [Law and Digital Economy], 2022, no. 4 (18), pp. 36-47. (in Russian)

5. Lisauskajte V.V. Rannee preduprezhdenie kak strategicheskij jelement v mezhdunarodnom mehanizme po snizheniju riska bedstvij: prichiny i potrebnosti [Early warning as a strategic element in the international mechanism for disaster risk reduction: causes and needs]. Sibirskij juridicheskij vestnik [Siberian Law Herald], 2022, no. 4 (99), pp. 128-134. (in Russian)

6. Alesina A. Independent central banks: low inflation at no cost? The American Economic Review, 1995, vol. 85, no. 2, pp. 196-200.

7. Alford D. The Lamfalussy Process and EU Bank Regulation: Another Step on the Road to Pan-European Bank Regulation? Ann. Rev. Banking & Fin. L. 2006, vol. 25, p. 389.

8. Athanassiou P.L. The institutional architecture and tasks of the European Central Bank. Research Handbook on EU Economic Law. Edward Elgar Publishing Ltd, 2019, pp. 137-172.

9. Beblavy M. Central Bankers and Central Bank Independence. Scottish Journal of Political Economy, 2003, vol. 50, no. 1, pp. 61-68.

10. Chalmers D., Davies G., Monti G. European Union Law. Cambridge, Cambridge University Press, 2010, 732 p.

11. Clement P. The term “macroprudential ”: origins and evolution. BIS Quarterly Review, 2010, pp. 59-67.

12. Ferran E., Alexander K. Can soft law bodies be effective? The special case of the european systemic risk board. European Law Review, 2010, vol. 35, pp. 751-776.

13. Kasyanov R.A. The EU Experience as a Model for the Development of a Single Financial Market Regulation in the Eurasian Economic Union (EAEU). European Company and Financial Law Review, 2019, vol. 16, no. 5, pp. 592-621.

14. Myklebust T. The Legitimacy of the European Systemic Risk Board in Respect of Its Performance, Roles and Contributions to the Financial Regulatory System. Oslo Law Review, 2023, vol. 9, no. 2, pp. 92-109.

15. Nika P. The ECB’s Independence and the Principle of Separation. European Journal of Law Reform, 2020, vol. 22, no. 3, pp. 237-265.