Akademik Məlumat İdarəetmə Sistemi
in: TRANSFORMATION OF THE ECONOMY, FINANCE AND MANAGEMENT IN A PANDEMIC: THE DEVELOPMENT OF DIGITAL TECHNOLOGIES.Collective monograph , A. Pawlik,K. Shaposhnykov, Editor, STATE UNIVERSITY OF JAN KOCHANOWSKI DEPARTMENT OF ECONOMICS AND FINANCE DEPARTMENT OF MICROECONOMICS, Kielce, pp.62-75, 2021
The article analyzes the current state of the world banking system. The main trends in its development in conditions of global instability are distinguished. The role of the coronavirus pandemic as a catalyst for the digital transformation of the banking sector is revealed. The article considers the development of regulatory innovations in the banking sector in the digital economy. The real situation in the field of regulatory activity and its specific features in this sector of the economy of the Republic of Azerbaijan are revealed. Using certain cases, the author shows the emergence of completely new, original forms of banking regulation, which have no analogues in the world practice and are possible due to a complex combination of a number of causes (financial crisis, technological revolution, coronavirus outbreak, etc.). The main directions of the impact of digitalization on the transformation of the process of regulation of banking activity are presented, a comprehensive study of which will allow to develop fundamentally new approaches to its improvement. The feasibility of implementing innovative practical measures to improve the efficiency of the banking regulation system was justified.