Theoretical Aspects of the Essence of the Financial Services Market
Theoretical aspects of the financial services market in the context of the global economy were studied. Modern research of domestic and foreign researchers and relevant regulations on the designated topic were processed. A critical analysis of some of the basic ideas proposed by scientists on this issue was conducted. The approaches to the interpretation of the concepts of \"financial service\", \"financial transaction\", \"financial services market\" foreign and domestic researchers were analyzed. The attention is focused on the differences of the investigated terms; their features were defined and refined. The article identifies the similarities and differences between the financial services and financial transactions. The author analyzes the particular provision of financial services, as well as the financial services market place in the structure of the financial market. Functions of the financial services market were defined. It was found that the financial services market is a functional subsystem of the financial market.