Modification Of Mechanisms For Regulating Banking Competition In Conditions Of Financial Instability[Модификация Механизмов Регулирования Банковской Конкуренции В Условиях Финансовой Нестабильности]

The relevance of the study lies in the fact that credit institutions are actively involved in the process of transforming the financial market in the context of the digital transformation of the economy. The object of the study is commercial banks operating in the financial and banking services market. The subject of the study is the system of economic relations between participants in the financial and banking services market in a competitive environment. The purpose of the study is to conduct a comprehensive assessment of the level of banking competition and its impact on the qualitative and quantitative indicators of the functioning of the national banking system. The research methodology includes methods of scientific abstraction, economic and statistical analysis, functional and structural analysis, a systematic approach, a comparison method, graphical and tabular techniques for visualizing statistical and other data, generalization and formalization. The project was carried out as part of the research work of the Structural Research Laboratory of the IAER RANEPA under the President of the Russian Federation in 2022. Research results: development of the theoretical concept of banking competition, taking into account the changed external and internal conditions (digitalization of all spheres of life, transformation of the global financial architecture); study of the processes of banking competition in the Russian Federation and abroad, identification of the main markers of the dynamics of changes in the competitive environment in the context of growing development of ecosystems and banking marketplaces; determination of the main prospects for the transformation of the Russian banking system, analysis of risks associated with the practice of banking mergers and acquisitions. Research prospects: development of methodological tools for an integrated assessment of the level of banking competition in various segments of the financial market.