Akademik Məlumat İdarəetmə Sistemi
Mechanism for economic development in the context of global changes: international experience, Riga, Latvia, 4 - 05 June 2021, pp.49-53, (Full Text)
Banking institutions play a decisive role in the efficient allocation of investments and savings in a market economy and are important for the stability of the entire financial system. New phenomena in the economy, its information support and the use of digital technologies have a great influence on the banking sector.Under these conditions, the importance of strategic choice and the search for new priority models for the development of the banking business is growing. All this implies the emergence of new challenges for regulators. Regulation of a complex combination of technological and competitive changes taking place in the banking sector can be adequately carried out only if the peculiarities of International scientific conference 50 innovative activity in this segment of the economy are properly taken into account. Its dramatic pace leads to the fact that the actions of regulators, as a rule, are delayed and do not fully take into account the circumstances of the new reality. In this regard, the problem of transformation of banking regulation and the search for effective mechanisms for its implementation seems to be very urgent.