TRENDS IN THE DEVELOPMENT OF ACCOUNTING FOR FINANCIAL INSTRUMENTS OF INSURANCE OF RISKS IN INTERNATIONAL SETTLEMENT

Abstract

In a globalized world, where international economic relations and financial flows are becoming increasingly integrated, accounting for financial instruments of risk insurance is gaining particular importance. Modern enterprises, banks and other financial institutions face various economic, political and technical risks that arise in the process of international settlements. Taking into account and managing these risks through insurance is an important component of the strategy for minimizing possible financial losses. Trends in the development of accounting for financial instruments of risk insurance in international settlements reflect changes in global economic processes, technological innovations and regulatory requirements. In particular, the issues of improving risk assessment methods, implementing new financial instruments, such as derivatives, mortgage and credit bonds, as well as the integration of new international financial reporting standards are relevant. Risk insurance, in particular currency, credit and trade, is necessary to ensure the stability of international settlements, but its accounting and regulation require the consistency of national standards with international ones. Enterprises and financial institutions must take into account the specifics of legal norms, economic conditions and capabilities of different countries, which creates additional complexity in the accounting and reporting process. Trends in the development of accounting for financial instruments for risk insurance in international settlements reflect important changes in the global economy, which are due to the integration of financial markets, the development of new technologies and changing regulatory conditions. Accounting for and recording financial instruments used to insure risks in international settlements contribute to reducing financial losses and increasing the stability of economic relations between countries. Improving the methods of accounting and valuation of such instruments, integrating the latest approaches to accounting under International Financial Reporting Standards (IFRS), as well as the use of new financial products, such as derivatives and credit bonds, allow for more effective risk management in international financial flows. At the same time, it is important to ensure unity in the regulation of financial markets at the international level, which will contribute to the stability and transparency of financial relations.