Problems of the Banking System Modernization under Modern Conditions
The article discusses some of the key questions of the banking system modernization under current conditions. It is pointed out that the modernization issues need to be dealt with in order to tackle a plethora of current problems in the economy successfully. Modernization for Russia, same as for other countries, that have gone through it, is an obligatory policy. It will help Russia to enter on the path of development which will allow the society to move from modernization onto the normal functioning of the economy. The article focuses on the challenges facing the banking system under modernization conditions. It further states that the measures to modernize the banking system as developed and taken by the Government of the Russian Federation and the Russian Central Bank meet all requirements of modern economy.