CURRENT ISSUES OF STRUCTURING THE REGIONAL FINANCIAL SYSTEM

In modern conditions of the development of financial relations, it is necessary to take into account the functioning of the institutional environment at the regional level, taking into account the institutional links between individual elements at the macro- and mega-economic levels. The influence of financial institutional relationships has a strong influence on the financial structure of the region and transforms its economic vector of development. In modern scientific work, it is extremely important to understand the theoretical foundations of the formation of regional financial systems. Without a clear understanding and definition of these fundamentals, any attempts to improve the regional financial system will be incomplete and will not have the expected effect that is possible with a systematic approach. In most publications, there is often a tendency towards a simplified understanding of the regional financial system, which reduces it to narrower concepts such as credit and finance, which does not sufficiently disclose the capabilities of such a system. It is revealed that the creation of a stable and efficient financial system in Russia, ensuring harmonious work at all regional levels, involves the optimization of internal and external relationships. When integrating regional financial systems into a single national space, it is important to take into account the specifics and general economic trends of the country, especially in the context of global financial transformations, which place increased demands on the organization of these systems. The creation of an institutional model reflecting the interconnection of regional and global financial systems consists in interpreting the structure of this relationship. This includes understanding the information links between individual elements of the financial system based on global financial standards. At the same time, the sectoral level does not create contradictions with other components of the system, but, on the contrary, harmoniously integrates them, functioning as an independent level of financial relations and economic management.