The article is devoted to the study of the scientific and practical problem of financial and economic security, ensuring sustainable balanced financial development of the region, which justifies the need to achieve it with the effective use of available resources. The purpose of the article is to identify and reduce the level of financial and economic security of the regions. To achieve the goal, the following tasks have been accomplished: theoretical and methodological and applied bases have been improved, methods and tools have been proposed, and a mechanism for managing the financial and economic security of the region has been formed. The author's understanding of financial and economic security as an economic category is given. The levels of financial and economic security of the region are revealed on the example of the economic entity of the Russian Federation of the Republic of Crimea. The methodology of the dialectical method of scientific cognition was applied; system and structural methods were applied during the analysis of the essence of financial and economic security, allowing to develop management principles. Scientific novelty lies in the methodology for calculating financial and economic security, applying an integrated approach, identifying and reducing the level of threats, developing a mechanism, applying methods and tools. These studies made it possible to make a comprehensive assessment of the degree of influence of external and internal factors on the level of financial and economic security of the region to ensure effective management decisions. Principal differences of theoretical arguments are revealed and the main interrelations and interdependencies of financial, social and economic institutions that accompany the development of the financial and economic system and provide the mechanism for its functioning are determined. The practical significance of the study is to apply an integrated methodology for financial and economic security of the region, identify and assess the level of threats, apply tools, improve management mechanisms, using flexibility and maneuverability.
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