Accounts Opening Issues in the Context of the Transformation of the Banking System
DOI:
https://doi.org/10.46991/BYSU.G.2026.17.1.069Keywords:
banking system, Central bank, bank account, financial market, digitalization, financial stability, transformationAbstract
In order to develop principles and procedures for effective regulation and supervision of the banking system, it is first necessary to analyze the trends in the transformations taking place in the structure of the banking system at the global level. To identify such trends, it is necessary to study and analyze the experience of countries with developed and stable banking systems.
The classical banking system is a two-tier banking system. However, as a result of the development of financial markets and infrastructure in recent decades, an objective need has arisen to review a number of approaches related to the classical two-tier banking system. Some countries are trying to introduce approaches to forming a multi-tiered banking system, while others are trying to introduce a hybrid system, where central banks open and service bank accounts not only for depository institutions (banks), but also for systemically important financial market infrastructures. In such a situation, a number of conceptual questions arise, to which this research work is dedicated.
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