Financial globalization as an important condition of development of the sphere of banking services

This article assesses the current period, which is characterized by increased activation of financial globalization, which is a process of development of integration links between financial markets, which ultimately contributes to the transformation of world economic relations into a single global financial market. The author notes that the ongoing process of development of the system of financial markets, as well as the mechanism of their implementation, the introduction of new modern technologies and equipment in banking, made banking business innovative. Here, the author concludes that the process of globalization causes deregulation of banking activities and liberalization of financial markets, and this ultimately affects the nature and content of international banking business.