http://www.iaeme.com/IJMET/index.asp 1243 editor@iaeme.com International Journal of Mechanical Engineering and Technology (IJMET) Volume 10, Issue 02, February 2019, pp.1243–1250, Article ID: IJMET_10_02_129 Available online at http://www.iaeme.com/ijmet/issues.asp?JType=IJMET&VType=10&IType=02 ISSN Print: 0976-6340 and ISSN Online: 0976-6359 © IAEME Publication Scopus Indexed INTEGRATION OF THE FINANCIAL MARKET SECTORS: FACTORS, RISKS AND MANAGEMENT APPROACHES Vladimir Aleksandrovich Slepov Federal State Unitary Enterprise “Central Research Institute “Center” Moscow, Russia Michael Evgenievich Kоsov Plekhanov Russian University of Economics, Moscow, Russia Financial University under the Government of the Russian Federation, Moscow, Russia Alla Yuryevna Chalova, Elena Ivanovna Gromova and Elena Konstantinovna Voronkova Plekhanov Russian University of Economics, Moscow, Russia ABSTRACT The article examines the problem of the integration of the financial market sectors. An important feature of modern economic dynamics is the tendency to integrate the monetary, credit, currency, stock, and insurance sectors and to form a unified national financial market. The integration of the financial market sectors is the result of financial globalization development, accompanied by an intensification of cash flows, active innovation, a growing need for efficient financial instruments, and a need for risk- hedging, along with an accelerating interaction of international and national financial systems. This fact determines the existence of demand in the economy for a variety of funding sources and financial instruments. As a result, the volume of operations in all sectors of the financial market is rapidly growing. Its role as a mechanism of accumulation and redistribution of financial resources is increasing. The emergence of financial products offered simultaneously in several segments of the financial market is becoming the global trend. Moreover, the processes occurring in the world financial market affect the Russian financial market, stipulating the main directions of its development. In this context, the objective of this study is to develop a conceptual model of integration of the financial market sectors. The effectiveness of this model requires maximizing the positive impact of financial system integration with the national economy while minimizing the negative consequences associated with systemic risk.