Modern position of the financial market in the financial system of the economy

The development of the modern financial market reflects the needs and opportunities of a marketeconomy for growth and structural transformation. Commercial banks, insurance organizations, pension andinvestment funds provide economic entities with the necessary financial resources and absorb temporarilyavailable funds, regulating the directions and level of financial flows in all other sectors of the economy. The article analyzes the main indicators of the penetration offinancial instruments into economic life, whichindicate the degree offmancialization of the economy, the establishment offinancial parities between its various sectors, the level of accessibility and stability offinancial services for the population.