Proceedings of the International scientific and practical conference ―Modern Research and Education‖ (May 2-4, 2026) / Publisher website: www.naukainfo.com. – Warsaw, Poland, 2026. - 523 p.

35 It is worth noting that financial stability is not the opposite of the concept of financial system instability, since a stable financial system may contain those individual components or elements that will not immediately, but later affect the destabilization of the financial infrastructure, including financial markets, carrying the threat of instability due to volatility and the risks that characterize them. Scientists from Western European countries propose to describe the likelihood of disruption or loss of financial stability due to the emergence and spread of crisis trends using the term "financial stability vulnerabilities" [5]. Our general analysis of the definitions of the concept of "financial system stability" and their analogues proposed by foreign and domestic researchers indicates not only its complexity and multi-vector nature, but also its differentiation by research areas. Thus, each of the researchers considers this concept through the prism of his scientific interests, for example: • due to economic instability; • the ability to function effectively and adequately respond to it ( the financial system ) to significant factors that destabilize the financial and economic activities of the country and business entities; • compliance with regulatory parameters that reflect the main guidelines for its provision. In our opinion, the proposed definitions of the concept of ―financial system stability‖ are incomplete, since this term is considered mainly through the prism of the stability of the functioning of the banking system and its regulator – the National Bank of Ukraine. On the one hand, this is correct and understandable, since in Ukraine, as well as, for example, in Romania, India, Brazil, the Czech Republic, Israel, the share of banks in the overall financial system of the country is dominant and amounts to more than 90%. In addition, as international practice shows, monitoring of the stability of the financial system is carried out in the central banks of Great Britain (The Bank of England Financial Stability Report), Sweden (The Financial Stability Report), France (Financial Stability Review), Finland (The Bank of Finland’s Financial Stability Analysis), etc.