Subject The article investigates prospects for the modern banking system development that are largely associated with the transformation of intermediation functions. Financial intermediaries are extremely important, as they perform such key functions in the economy as transformation of capital, terms and risks. Objectives The purpose is to describe modern characteristics of the banking system transformation, taking into account the function performed by financial intermediaries in reproduction processes. Methods Using the structural and functional analysis, I review new trends in banking intermediation with regard to changes in liabilities structure, profitability of the banking sector, number of credit institutions and their branches, fulfillment of capital adequacy requirements, and asset size. Results Analytical and theoretical results of the study show that the structure of the national banking sector will be governed by processes of increasing the level of capitalization of banks through mergers and acquisitions against the backdrop of small local players exiting the market. The findings may help develop new technological requirements to the structure of banking activities on changes in domestic reproduction. Conclusions Priorities of modern transformation of the banking sector in the national economy in the context of changes in intermediation functions will be determined by new organizational, managerial and financial technologies, rather than by profitability criteria.
Kozlova S.Yu. [Disintermediation in the banking sector: Essence and features of presentation]. Teoriya i praktika obshchestvennogo razvitiya = Theory and Practice of Social Development, 2012, no. 2, pp. 325–328. (In Russ.)
Ulyukaev S.S. [“A radical disintermediation turn": A temporary phenomenon or objective reality?]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Problems and Solutions, 2010, no. 5, pp. 66–71. URL: Link (In Russ.)
Kazarenkova N.P. [Financial mediation as essence of bank activity]. Izvestiya Yugo-Zapadnogo gosudarstvennogo universiteta. Seriya: Ekonomika. Sotsiologiya. Menedzhment = Proceedings of the Southwest State University. Series: Economics. Sociology. Management, 2016, no. 1, pp. 151–158. (In Russ.)
Bagautdinova I.V., Tokareva G.F., Shalina O.I. [Modern trends in the financial intermediation in Russia]. Ekonomika. Nalogi. Pravo = Economics. Taxes. Law, 2016, vol. 9, no. 5, pp. 90–98. (In Russ.)
Beck T., Demirgüç-Kunt A., Levine R., Maksimovic V. Financial Structure and Economic Development: Firm, Industry, and Country Evidence. World Bank Policy Research Working Paper, 2000, no. WPS2423, 61 p.
Leonov M.V. [Theoretical basics of financial intermediation by commercial banks]. Vestnik Yuzhno-Ural'skogo gosudarstvennogo universiteta. Seriya: Ekonomika i menedzhment = Bulletin of the South Ural State University. Series: Economics and Management, 2015, vol. 9, no. 4, pp. 34–40. (In Russ.)
Rodnina A.Yu. [Quasi-public nature of commercial bank as the foundation of Russian banking sector regulation]. Vestnik Adygeiskogo gosudarstvennogo universiteta. Seriya 5: Ekonomika, 2013, no. 4, pp. 62–68. (In Russ.) URL: Link
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 named after K.L. Khetagurov, 2013, no. 2, pp. 204–209. (In Russ.)
Shanin S.A. [Regional investment policy: Modern approaches and directions of modernization]. Belgorodskii ekonomicheskii vestnik, 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, 2014, vol. 3, no. 31, pp. 23. (In Russ.)