Subject In the transforming economy, the role of bank capital and financial intermediaries becomes increasingly systemic, as they can significantly reduce transaction costs and risks. However, modern commercial banks have stopped meeting the needs of expanded reproduction in the formation of mass channels for transformation of savings into investment. Objectives The purpose of the study is to identify priorities of banking activities in the disintermediation processes that enable to solve innovation and investment problems of Russian reproduction. Methods Using the analysis, I investigate new trends in financial intermediation and show the inability to provide for investment financing of all economic sectors. On the basis of systems approach, I define those parts of the structure and organization of the national economy, where expanded reproduction and concentration of financial resources are required. Results I propose to define areas and organization of bank lending to extended reproduction on the basis of vertical cooperation of innovation-oriented small and medium-sized enterprises with large companies. The findings may be useful for developing the new technological bases of banking in the modern economy. Conclusions To effectively develop banking activities, it is advisable to apply measures to increase the availability of bank lending based on technological cooperation of producers. It will ensure the system's effective adaptation to challenges of the disintermediation process in the financial sector, and enhance the banking sector's function in the modern Russian reproduction.
Kokh L.V., Kokh Yu.V. [Banks and shadow banking system as the financial intermediaries]. Vestnik Zabaikal'skogo gosudarstvennogo universiteta = Transbaikal State University Journal, 2016, vol. 22, no. 2, pp. 120–128. (In Russ.)
Drozdovskaya L.P., Rozhkov Yu.V. Bankovskaya sfera: mekhanizm informatsionno-finansovoi intermediatsii [The banking sector: A mechanism of information and financial intermediation]. Khabarovsk, KSAEL Publ., 2013, 320 p.
Rozenberg D.I. Kommentarii k “Kapitalu” K. Marksa [Comments on 'Das Kapital' by K. Marx]. Moscow, Ekonomika Publ., 1984, 720 p.
Ulyukaev A.V., Mau V.A. [From Economic Crisis to Economic Growth, or How to Prevent the Crisis from Turning into Stagnation]. Voprosy Ekonomiki, 2015, no. 4, pp. 5–19. (In Russ.)
Sokolinskaya N.E. [Features support for innovation development of small enterprises in the U.S. and opportunities to use their experience in Russia]. Finansy, den'gi, investitsii = Finance, Money, Investment, 2013, no. 4, pp. 24–28. (In Russ.)
Drozdov G.D., Churilin A.S. [Development of the banking system]. Ekonomicheskaya nauka segodnya = Economic Science Today, 2014, no. 2, pp. 372–384. (In Russ.)
Leonov M.V. [Theoretical basics of financial intermediation by commercial banks]. Vestnik Yuzhno-Ural'skogo gosudarstvennogo universiteta. Seriya: Ekonomika i menedzhment = Bulletin of South Ural State University. Series: Economics and Management, 2015, vol. 9, no. 4, pp. 34–40. (In Russ.)
Galazova S.S. [Guidance system investment industry policy for example industry]. Vestnik Severo-Osetinskogo gosudarstvennogo universiteta imeni Kosta Levanovicha Khetagurova = Vestnik of North Ossetian State University after K.L. Khetagurov, 2013, no. 2, pp. 204–209. (In Russ.)
Shanin S.A. [Regional investment policy: Modern approaches and areas for modernization]. Belgorodskii ekonomicheskii vestnik = Economic Bulletin of Belgorod, 2012, no. 3, pp. 16–22. (In Russ.)
Tatuev A.A., Bakhturazova T.V. [Modern role of household savings: Controversies and reality]. Vestnik instituta Druzhby narodov Kavkaza = Bulletin of Peoples' Friendship Institute of the Caucasus, 2014, vol. 3, no. 31, p. 23. (In Russ.)