NEWEST APPROACHES TO TRANSNATIONAL BANKING CAPITAL CLUSTERING IN THE GLOBAL DIMENSION

Abstract

One of the financial globalization manifestations is the functioning of transnational banks, which, as bearers of transnational banking capital, are expanding their operations in the financial systems of different countries of the world. The openness of financial systems to the intervention of transnational banks, on the one hand, contributes to the diffusion of banking innovations, the attraction of foreign direct investment into the country, and on the other, makes the financial system vulnerable to the effects of global crisis.

The used set is a set of general scientific methods: abstraction, generalization, induction, deduction, analysis and synthesis.

According to the criteria of territorial location and concentration of total asset value of more than $5 trillion, there are four clusters in the world, which are based on the largest transnational banks of the world: in China, the USA, Western Europe and Japan. The dynamics of the assets value of the largest banks in the world over the period from 2009 to 2018 was evidenced by the displacement effect of the transnational banks of Western Europe and the USA by the banks of China. The main trends in the global expansion of transnational banking capital are the following: the expansion of global banking spaces and borders; a sharp rise in the importance of the time factor in the competitiveness of transnational banks to expand market positions; reducing the time to implement a strategic initiative; the need for immediate reaction to the actions of competitors and other market participants; growing number of competitors who are able to quickly clone market advantages; shifting the focus of transnational activities from ensuring the effective management of the banking structure to developing interaction with consumers of transnational banking services.