Reform of the Banking Systems of the Countries of the EEU on the Eve of Creating a Single Financial Market

Abstract

In the article the problems of formation and functioning of banking systems of the EAEU member States, their common features, peculiarities of development associated with the weak competitiveness of banks of individual countries and their involvement in the creation of a single banking market, harmonization of banking legislation and regulation of the banking business. This paper shows the directions of improving the banking activities of the EAEU countries and the development of the balance of banking services. In the end it is concluded that the only solution to these problems will allow the banking systems of the countries of the EEU to create the common financial market

Keywords

• world economy
• banks
• financial institutions
• banking system
• financial market
• eeu