Russian Federation: Financial System Stability Assessment

International Monetary Fund

No 2011/291, IMF Staff Country Reports from International Monetary Fund

Abstract: Even though the Russian authorities have maintained financial stability at the time of a major global shock, the financial system is still weak. The crisis has set back progress toward a strong, competitive banking system for the future. The recent unification of the supervision of nonbank financial institutions is an opportunity for strengthened oversight. A more structured corrective action regime and a unified administration regime for all banks, with broad powers for the administrator, would help strengthen the system further.

Keywords: ISCR; CR; bank; loan; CBR.; banks Rub; resolution regime; non-resident bank; credit risk; bank assets; bank insolvency law; bridge bank; bank portfolio; CBR refinancing; problem bank; bank capital; bank closure; Correspondent banking; Loans; Capital adequacy requirements; Commercial banks; Credit; Eastern Europe; Global (search for similar items in EconPapers)
Pages: 77
Date: 2011-09-27
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