The problem of the research is to investigate the rising demand in the update of the higher education system in Latvia, existing prerequisites, and key factors of its further development. The interest of the research is determined by the need of modern society to support higher education in an order to ensure the competitiveness of human resources. The purpose of the research is to determine key factors of higher education development in Latvia, existing prerequisites, implications, and challenges, also fostered by COVID-19 pandemic impact. The research methods include analysis of scientific abstracts, legislation acts, and industry and public bodies' reports, analysis of statistical data, and a survey. The research results have shown -complex solutions are needed to increase the international competitiveness of the educational sector in Latvia.
The article is devoted to the problems of the development of global markets for trust management services. The purpose of the article is to identify modern trends in the development of the global market for asset management services. The article uses the methods of quantitative empirical research, statistical analysis and visualization, comparative analysis and assessment of the dynamics of the main forms of development of trust management. The essence of trust management, its main forms, types of companies providing trust management services are disclosed. There is a gradual complication of the regulatory framework for trust management, although the features and models of regulation of trust activities or the activities of trust funds, the level of control and responsibility of the parties vary greatly in different countries. The advantages of trust management are systematized. The current trends in the development of trust management are characterized: regional asymmetry (mainly represented in the developed countries of Europe and the USA, the Asia-Pacific region is the fastest growing); the emergence of new forms (new instruments, institutional entities) and directions (the spread of offshore companies, the search for new markets). The formation of the global nature of the market is due to an increase in the volume of trust management services, an increase in income, the need to search for new forms of reliable savings and investments. The main development strategies of companies providing trust management services are identified and disclosed: global (focused on the global market), regional (focused on regional markets) and specialized (aimed at developing local markets or specialized products).
The article is devoted to the problems of development of trust management services in the banking system. The practice of trust management, its legal regulation has its own characteristics at the national and international levels. In world practice, this service is constantly evolving and is increasingly becoming an important integral part of banking in different countries and regions. The purpose of the article is an analytical characteristic of the development of modern trends in the global market for trust management of assets services. The article shows the dynamics of the development of the trust management market at the global level, reveals regional trends, features of the development of certain forms of trust management.
The article examines the essence of the concept of "trust asset management" in the banking system. The article examines the essence of the concept of "trust management" in the banking system. Various approaches to defining the essence of trust management in scientific and business literature are systematized, various nuances of its legal and economic interpretation are presented. The subjects and objects of trust management, the system of relationships between the main subjects are named and disclosed. The regulatory framework for the practice of trust management has its own characteristics at the national and international levels. The common couples and differences of different models of organization of trust activity are highlighted. The main approaches to the classification of trusts, the main types of trusts are revealed and their features are determined. The forms of trust management are very diverse and can differ in the purposes of creating trusts, methods of creation, depending on the role of the owner and trustee, depending on the financial instruments used. The purposes of the use of trust management, as well as certain risks of using the control system (legal uncertainty, presence of risk, imperfection of state regulation, etc.) are characterized. In world practice, this service is constantly developing and is increasingly becoming an important integral part of banking in different countries and regions.
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