RISKS OF THE ECOSYSTEM MODEL OF DEVELOPMENT OF THE BANKING SECTOR OF THE RUSSIAN ECONOMY

2021 ◽  
Vol 1 (3) ◽  
pp. 153-140
Author(s):  
Назаренко Галина Владимировна ◽  
◽  
Лебедева Наталья Юрьевна ◽  
Keyword(s):  
Banking Sector ◽  
Ecosystem Model ◽  
Russian Economy

scholarly journals Russia’s banking sector during the pandemic

2022 ◽  
pp. 157-163
Author(s):  
E. N. Gavrilova
Keyword(s):  
Systematic Approach ◽  
Banking Sector ◽  
Banking System ◽  
Policy Instruments ◽  
Graphical Methods ◽  
Real Economy ◽  
Good Test ◽  
Russian Economy ◽  
Monetary Authorities ◽  
The Impact

Quarantine and self-isolation have become a new challenge for the Russian economy, changed many areas of our life, revealed new weaknesses in the banking system and monetary regulation of the economy, and also become a good test for the post-crisis financial system. In this article using a systematic approach to the study of information, analytical and graphical methods the dynamics of the Russian banking sector during the development of the coronavirus pandemic and the specifics of recovery from the crisis have been investigated. The innovations and improvements brought about by the pandemic have been studied. The Central Bank of Russia’s monetary policy instruments used to mitigate the impact of the pandemic on the real economy in general and on the banking sector in particular have been reviewed. The features of anti-crisis measures taken by the monetary authorities in our country have been revealed. 

scholarly journals Analyzing Impact of Computer Attacks on the Banking System of the Russian Federation

2019 ◽  
pp. 202-210
Author(s):  
A. A. Salcutan
Keyword(s):  
Russian Federation ◽  
Banking Sector ◽  
International System ◽  
Banking System ◽  
Russian Economy ◽  
Computer Attacks ◽  
The Russian Federation ◽  
The Impact ◽  
Swift System

The article analyzes damage caused by attacking finance organizations in the Russian Federation through activization of hacker groups. The mentioned attacks were mainly directed at banking cards’ processing, cash machines and the SWIFT system, an international system of transmitting finance information and payments. The growth in hacker penetrations can be seen in all sectors of Russian economy, it is based on informational confrontation and aims at destabilization of considerable objects of critical information infrastructure. Today special attention is paid to attacks of hacker groups, which get financing from states and criminal groupings in order to exert influence on the leading banks of the world. The author investigated the key methods of attacks of finance organizations. The role of the Federal service on technical and export control and the Department of information security of the Bank of Russia was described. By assessing the impact of computer attacks the author came to the conclusion that the Russian banking sector is vulnerable to computer attacks on informational systems that could cause damage not only to small but also big credit organizations, which possess over 60% of the Russian banking sector assets.  

Countercyclical Capital Buffer for Banks: is There a Premise for its Application in Russia?

2018 ◽  
pp. 97-116
Author(s):  
Svetlana Khasyanova
Keyword(s):  
Strategic Management ◽  
Banking Sector ◽  
Capital Requirements ◽  
Capital Adequacy ◽  
Gap Dynamics ◽  
Macroprudential Policy ◽  
Filtration Method ◽  
Minimum Capital ◽  
Macroprudential Policies ◽  
Russian Economy

Recently, the concept of countercyclical regulation in the financial sector has become key for the implementation of macroprudential policies in many countries, while a countercyclical buffer capital of banks is becoming a primary tool of regulation. The purpose of this research is to study the appropriateness and specifics of the countercyclical capital buffer application in Russia’s banking sector based on the analysis of credit aggregates’ dynamics for 2004-2016 and for the mid-term. Drawing on the filtration method, the study shows that the most effective indicator of excessive lending in the Russian economy is credit-to-GDP, the gap dynamics of which testifies a possible activation of capital buffer in 2007 and 2013. At the same time, the size of the buffer appeared to be insignificant, with a short activation period, which suggests the replacement of the buffer with alternative regulative tools. The minimum capital adequacy, taking into account the buffer, is not critical for the banking sector. However, some of the largest banks appeared to be vulnerable to increased capital requirements. The results of this study are of great value both for the implementation of macroprudential policy, and for strategic management of banks capital adequacy.

scholarly journals FACTORS DETERMINING THE INVESTMENT OF HOUSEHOLD SAVINGS IN THE RUSSIAN BANKING SECTOR: THE CURRENT STATE

2017 ◽  
Vol 11 (5) ◽  
pp. 93-101
Author(s):  
Лилия ЮСУПОВА ◽  
Liliya YUSUPOVA ◽  
Татьяна Никонова ◽  
Tatyana Nikonova ◽  
Михаил ИВАНОВ ◽  
...  
Keyword(s):  
Banking Sector ◽  
Russian Population ◽  
Investment Behavior ◽  
Resource Base ◽  
Significant Deterioration ◽  
Savings Behavior ◽  
Bank Deposits ◽  
Russian Economy ◽  
The One ◽  
The Individual

Personal savings remain the one of the significant and stable sources of the longterm resource base of the banking sector organizations of any country. The demand for banking services among the population as owners of savings, according to economic laws, is in direct relationship and expands as the scale of industrial and exchange relations in the economy increases. Simultaneously, among the population there is also a certain set of factors that trigger the process of the inflow of savings into bank deposits. At the stages of economic growth and recession, the population forms the most active accumulations, but these processes are associated with different driving causes. The article gives an opinion on reducing the population's estimates of the factors determining the propensity to save in the Russian economy. In 2014-2015, the investment behavior of the Russian population was oriented to accumulation of savings that was associated with a significant deterioration in the economic situation and a lack of understanding about the future prospects of economic development. But today the model of investment behavior is gradual changing, and the growth rate of savings on banks' deposits has slowed significantly. The article draws conclusions about the significant investment potential of the Russian population. The authors characterize the trends in the individual savings behavior and the problems of attracting savings to the banking sector taking place in recent years in the Russian Feder-ation.

scholarly journals Russian Banking Sector: Key Points of International Expansion

2011 ◽  
Vol 2 (1) ◽  
pp. 63-74 ◽  
Author(s):  
Andrei Panibratov ◽  
Cyril Verbá
Keyword(s):  
Banking Sector ◽  
International Expansion ◽  
Entry Modes ◽  
Russian Economy ◽  
Political Independence ◽  
Current State ◽  
Key Points ◽  
Business Entities ◽  
State Of Affairs ◽  
Economic Motives

Banking industry is traditionally seen as strictly regulated and driven to avoid political context. While Russian economy in general lacks both well developed regulatory framework and political independence of business entities, we would like to analyze the current state of affairs in an industry for which these attributes have become a hallmark. As Russian non-resource-based industries in general and the banking sector in particular are becoming more and more active players worldwide, the question arises, how exactly do Russian banks internationalize. We analyze four cases of international expansion by Russian banks in order to determine the main destinations for expansion, the entry modes used and whether they resemble resource-based companies in their internationalization. The results show that banks, even while being significantly state owned, are most likely guided by economic motives (as opposed to political ones), are leaning towards safer expansion destinations and are in several ways suffering from home market immaturity.

scholarly journals Russian banking system: searching for trust

2018 ◽  
Vol 212 ◽  
pp. 08016
Author(s):  
Marina Bogatyreva ◽  
Aleksandr Kolmakov ◽  
Mikhail Kolmakov
Keyword(s):  
Interest Rates ◽  
Commercial Banks ◽  
Banking Sector ◽  
Banking System ◽  
Economic Life ◽  
Economic Resource ◽  
Russian Economy ◽  
Productive Area ◽  
Household Incomes ◽  
Relationship Of

The article is devoted to the study of trust, as an economic resource, contributing to the reduction of transaction costs. The paper is divided into two parts. In the first part, the authors define trust, as the transaction participants’ conviction that they can rely entirely on the counterparties’ promises. After that, the character of the damage that the society experiences from the disappearance of the relationship of trust is determined. These losses are caused by the switching of resources from the productive area to the scope of transaction management. Then the authors formulate the conditions that are necessary for the emergence of trust as such and for its spread in the Russian economy. There are two such conditions. The first is the impossibility of changing the contract unilaterally, without taking into account the interests of the counterparty. The second condition is the ability to control the execution of the transaction at any time by the counterparty. Later, the authors set out the reasons why trust has not spread in the political and economic life of contemporary Russia. The second part of the article explores the specific economic problems that arise in connection with the lack of trust between the parties to the contract. As an example, the banking sector, that is, perhaps the most important branch of the modern economy is considered. The second part begins with a short historical overview of the development of the banking sector of modern Russia. It is noted that real interaction between commercial banks and the Russian households began only in the 21st century, when the ruble exchange rate stabilized and the household incomes began to grow rapidly. At the same time, the practice of opportunistic behavior of commercial banks in relation to households was formed. This practice manifests itself in the systematic provision of false information to the customers or withholding truthful information from them. The opportunism of banks, along with high real interest rates, has caused the extremely small role played by Russia’s banking system in shaping consumer demand and, accordingly, overcoming the economic crisis. The passive position taken by the Bank of Russia in confronting banks and households is noted.

Problems of lending and innovative ways to improve the financial regulation of commercial banks

2020 ◽  
Vol 6 (Extra-B) ◽  
pp. 267-278
Author(s):  
Elena A. Ivanova ◽  
Alexey A. Golovin ◽  
Alina A. Kamalova ◽  
Bulat T. Gali ◽  
Vladimir V. Nosov ◽  
...  
Keyword(s):  
Commercial Bank ◽  
Commercial Banks ◽  
Banking Sector ◽  
Financial Regulation ◽  
Financial Institution ◽  
Financial Risks ◽  
Russian Economy

The relevance of the study is determined by the fact that at present in the activities of every commercial bank the problem of financial risks, deposit policy and activation of instruments for attracting and retaining existing deposit sources in the context of the crisis of the Russian economy is very urgent. Among other things, this problem is caused by the need for stabilization in the banking sector, based on preventing the outflow of funds from the deposit accounts of customers, which in turn leads not only to a decrease in liquidity and solvency indicators, but also to the subsequent potential bankruptcy of a financial institution.    

Criteria for classifying banks as systemically important in the Russian banking system

2020 ◽  
Vol 26 (10) ◽  
pp. 2385-2406
Author(s):  
E.A. Kalacheva ◽  
A.S. Lamekina
Keyword(s):  
Banking Sector ◽  
Positive Impact ◽  
Banking System ◽  
Securities Market ◽  
Payment Systems ◽  
Correlation And Regression Analysis ◽  
Russian Economy ◽  
Total Capital ◽  
Macroeconomic Indicators ◽  
Systemically Important Banks

Subject. We address the criteria to classify banks as systemically important, their activities and the assessment of their impact on macroeconomic indicators. Objectives. The aim is to determine areas of regulation, based on criteria for classification of a bank as systemically important in the Russian banking sector, and taking into account its impact on the national economy. Methods. The study draws on methods of logical, statistical, and comparative analysis, as well as the correlation analysis to determine the correlation between financial indicators of systemically important banks and the country's GDP. Results. We offer the following criteria to determine systemically important banks, in addition to indicators used in the Russian banking practice: ‘interchangeability’ of a bank (based on the volume of payments in payment systems), ‘complexity’ (based on bank's activity in the securities market). Our correlation and regression analysis shows a significant positive impact of activities of too-big-to-fail banks on the Russian economy. The greatest impact on GDP is noted for indicators, like the volume of total capital, deposits of the population, loans to individuals. Therefore, the regulation can be aimed not only at preventing crisis situations and instability of the financial system, but can also be a tool for increasing the rates of economic growth. Conclusions. If the Bank of Russia uses the proposed additional criteria, it will enable to include in the list of such banks the internationally active credit institutions serving significant volumes of settlements in payment systems, and carrying out transactions with complex high-risk derivatives.

Trends and Prospects of Development of Financial Innovations in the Russian Banking Business

2019 ◽  
Vol 13 (2) ◽  
pp. 80-89
Author(s):  
O. A. Vasilenko
Keyword(s):  
Banking Sector ◽  
Effective Interaction ◽  
Financial Innovation ◽  
Present Stage ◽  
Future Directions ◽  
Financial Innovations ◽  
Russian Economy ◽  
Modern Development ◽  
The Future ◽  
Banking Business

The relevance of the article is because the modern development of the Russian banking business takes place in the context of increased competition and crisis phenomena in the financial markets. The policy of constant innovations is one of the main factors for the successful development of banking activity. Financial innovation is a crucial factor in the competitiveness and sustainable development of the banking sector. Of particular relevance is the study of trends, based on which the development of the innovative activity of banks and non-bank credit organisations is currently taking place, as well as the determination of the specifics of the innovation process in the banking sector.The purpose of the article is to conduct research on the current state of the most popular at the present stage financial innovations in the banking sector, identify trends in their development, and determine the future directions for the development of financial innovations in the Russian banking business. In this paper, we analysed analytical information, which allowed us to identify trends in the development of financial innovations in the banking sector, and determine their role in the development of the banking sector in Russia. In the course of the study, the author used the methods of analysis, synthesis, the complexity of the approach, comparison, consistency, and other methods of cognition. Based on the research results and personal experience in the development and implementation of new banking products at Unistream CB, the author predicts the future directions of development of financial innovation in the banking business.The author concludes that their introduction has an influence on the transformation process in the real and financial sectors of the Russian economy, and contributes to the organisation of their effective interaction, accelerates the development of the entire economic system of the country.The main objectives of the development of financial innovations in the banking sector at the present stage are the development and implementation of new banking products. It requires further study of the theoretical and practical aspects of introducing financial innovations, a detailed analysis of domestic and foreign experience, and needs implementation of knowledge gained in practice to modernise and organise productive interaction financial and real sectors of the Russian economy.

Sign in / Sign up

Export Citation Format

Share Document