Abstract
The article more consistently identifies the factors influencing the development of fundamental research in the field of finance, credit and banks, which is a serious obstacle to the practical implementation of the investment idea. It is noted that the limitations of our knowledge in the field of financial and banking systems significantly slows down the dynamic development of the economy, slowing down the innovation process. The weakening of theoretical research, applied research can also lead to the loss of their innovative character. In this regard, the article provides specific proposals that can implement the goals of innovative development. It is noted that with an innovative approach to development, it is necessary to take into account the feasibility of increasing the state's efforts to increase revenues from non-tax revenues, the share of which should reach approximately 3-4% of GDP.The article also notes that the lack of clear standards for banking activities not only prevents the implementation of the goals of innovative development, but also significantly hinders the use of the most effective examples of organization and management in the country's banking sector. Therefore, the article notes that it is necessary to set fundamentally new tasks for control bodies, and for this purpose it is necessary to quickly improve the regulatory framework for financial control.