Banking supervision as a factor of stability of the banking system

One of the most significant and at the same time vulnerable sectors of the financial market is the banking system. Stable and efficient functioning of the banking sector is the key to the sustainable development of the state, ensuring the well-being of its citizens. The importance of the banking system and the risky nature of the activities of credit institutions necessitates the formation and continuous improvement of an effective mechanism for banking supervision of the banking system of the Russian Federation in order to increase its stability, financial stability and operational efficiency. This problem in the Russian Federation is particularly acute due to the peculiarities of the development of the Russian economy, which is subject to constant economic crises