This paper analyzes the main characteristics and types of financial intermediaries in the financial market of Bosnia and Herzegovina, as well as the state and prospects of their operations under the influence of geopolitical changes. The research discusses various types of financial intermediaries, such as banks, investment funds, insurance companies, brokers, and stock exchanges, and their role in the economic system of Bosnia and Herzegovina. It examines in detail how geopolitical factors, such as global political tensions, conflicts, economic sanctions, and changes in the global market, impact the operations of financial intermediaries in Bosnia and Herzegovina. The methodology used includes an analysis of the current state and investment trends of financial intermediaries over the past few years, with a particular focus on the period after 2021, when geopolitical changes became more pronounced with the conflict in Ukraine. The paper also discusses the prospects for the future development of the financial market in Bosnia and Herzegovina, considering the potential implications of economic sanctions, changes in international trade, and new global challenges. The aim of the research is to determine how these factors affect the stability, operations, and investment activities of financial intermediaries.

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Jeremić, Z. (2012). Financial Markets and Financial Intermediaries. Belgrade: Singidunum University.

Šoškić, B. D., & Živković, R. B. (2020). Financial Markets and Institutions. Belgrade: Publishing Center of the Faculty of Economics, University of Belgrade.

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