Can banking innovations lead to new financial crisis: case of Central and Eastern Europe

The article analyzes the latest trends in the development of banking innovations and interdependence between the development of the real economy and the banking sector in Poland, Hungary, Czech Republic and Slovakia, which are similar to the Ukraine on the development of banking systems and the economy. We determined that now, key tendencies related to the development of banking innovations are: 1) expanding and deepening banking regulation; 2) changing customer expectations; 3) growth of technology impact on risk management in banks; 4) development of new risk types; 5) search for decision-making methods that assess and take into account variations in the behavior of economic subjects; 6) cutting banking costs. It is determined that for today there is no objective reason to assert the existence of a real threat to the stability of banking systems, caused by the development of banking innovation. At the same time, fast evolution of financial and banking systems, will make us to revise the results of this research in the nearest future