The Importance of International Banking Regulation for the Development of the Global Economy

S. M. Nazarov ()

International Trade and Trade Policy, 2025, vol. 11, issue 3

Abstract: The article analyzes the role of international banking regulation in ensuring the stability and development of the global economy. International banking regulation helps to reduce the risks associated with the activities of banks and increase confidence in the banking system. However, it can have negative consequences, such as reduced competition and increased costs. The main principles and mechanisms of regulation, its impact on financial stability and economic growth are considered. The possible consequences of stricter capital and liquidity standards for banks under the new Basel III scheme are being investigated. The main objectives and standards of the Basel III mechanism are considered. The impact of international banking regulation on financial stability and economic growth is assessed. One of the latest trends in the development of the global economy is the use of digital financial assets (CFAs). The article discusses the possibilities and limitations of using CFA as a means of payment in the context of international banking regulation. The distribution of CFA placements between various information system operators based on data for 2024 showed that Alfa-Bank is the market leader, accounting for half of all placements. A significant share also belongs to the Masterchain. The remaining operators have significantly smaller volumes. The article focuses on the prospects of adapting international banking regulation to the new challenges associated with digitalization and the development of new technologies. In conclusion, the need to develop new approaches to regulation, such as a risk-based approach and the development of international cooperation, is emphasized.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2025:id:812

DOI: 10.21686/2410-7395-2025-3-150-165

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