Banking system: subject matter and perspectives for its development in Ukraine

Abstract

The paper is concerned with the economic essence of the notions of «banking system», and «bank», the author presents his own understanding of these notions. Researched are the peculiarities of various types of banking systems functioning. The position is substantiated of the necessity to increase the level of capitalization, self-sustainability, reliability, and transparency of national banking system meeting the requirements of Basel Committee I and II.