scholarly journals Regional banking markets in Russia: Differentiation in terms of location

2021 ◽  
Vol 27 (5) ◽  
pp. 1022-1042
Author(s):  
Egor A. SHUSTOV
Keyword(s):  
Supply And Demand ◽  
Banking System ◽  
Demand And Supply ◽  
Banking Services ◽  
Regional Markets ◽  
Banking Market ◽  
Key Characteristics ◽  
Banking Markets ◽  
Territorial Structure ◽  
The Russian Federation

Subject. This article focuses on regional markets of banking services of the subjects of the Russian Federation. Objectives. The article aims to study interregional differences in the demand and supply of banking services in Russia to describe the territorial structure of the Russian banking system. Methods. For the study, I used logical, comparative, and statistical analyses. Results. The article describes and interprets the types of regional banking markets based on their parameterization by supply and demand at the regional level, suggests the reasons for their formation and characterizes their interrelation in the Russian banking market. Conclusions and Relevance. The development of Russian banking markets depends on their key characteristics. Regional banking markets have persistent interregional differences. The results can be used by the Bank of Russia when designing a strategic document for the development of the banking system, as well as by commercial banks.

From Reluctance to Resistance

2013 ◽  
Vol 4 (4) ◽  
pp. 41-56
Author(s):  
Edwin Agwu
Keyword(s):  
Supply And Demand ◽  
Banking System ◽  
Developed Countries ◽  
Internet Banking ◽  
Study Data ◽  
Academic Community ◽  
The Internet ◽  
Banking Services ◽  
The Uk ◽  
Internet Banking Services

The internet banking services is an innovative financial transaction channel that has assumed a new urgency and relevance in today's world of business. The developed countries have embraced these services with little difficulty while the developing countries are beginning to see the benefits. The objective of this research hinged on the exploration of the supply and demand of internet banking services in the United Kingdom with special emphasis on three cities: London, Birmingham and Manchester. The study primarily probed into the extent to which the internet banking services has been adopted in the three major cities of the UK – London, Birmingham and Manchester. Secondly, it looked at the factors that are driving this adoption and thirdly, the reasons for non-usage by some segments of the selected regions. The consumer resistance theory by Ram and Sheth (1989) was therefore used as a framework of the study. As the focus is to ascertain the reasons for non-usage, and based on this framework, the following divisions were arrived at based on the non-users: 1) those that intends to use the services and 2) those that have no intention to use the services. The study data shows that there are significant differences based on the reluctant/resistance paradigm. The reluctant group falls into those that want to use but have not wholly made up their minds to do so while the resistance groups are those that have no intention of using the internet banking system at all. The study in a nutshell, provides financial managers and the academic community with a tool to engage these non-users through product designs and promotions.

scholarly journals Antitrust regulation in the market of banking services

2019 ◽  
pp. 60-67
Author(s):  
A. D. Bartsits
Keyword(s):  
Financial Market ◽  
Russian Federation ◽  
Banking Sector ◽  
Banking System ◽  
The State ◽  
Banking Services ◽  
The Russian Federation ◽  
Antitrust Regulation ◽  
And Control

The article considers the financial market as an object of antitrust regulation and control, the banking services market. The importance of conducting antimonopoly control in the banking sector is given. The state of the banking system, as well as competition in the banking services market is analyzed. The interaction of two control bodies — the FAS of the Russian Federation and the Bank of Russia is given.

scholarly journals IMPROVING CONSUMER LENDING MODEL CLIENTS

2016 ◽  
Vol 2 (1) ◽  
pp. 245-249
Author(s):  
Лычева ◽  
Irina Lycheva ◽  
Молчанова ◽  
Vera Molchanova
Keyword(s):  
User Interfaces ◽  
Banking Sector ◽  
Banking System ◽  
Customer Base ◽  
Consumer Lending ◽  
Banking Market ◽  
The Russian Federation ◽  
Relationship Of ◽  
The Relationship

The dynamism of the ongoing reforms in the domestic banking sector, one way or another, concerns the relationship of banks with their clients. The customer base responds differently to the reform of the banking system: there is a category of clients who do not take the action of the Central Bank of the Russian Federation, they argue that the monopoly of state-owned banks will lead to a deterioration of service, reduction in quality of banking products and riskiness of banking operations. But there is another category of customers who are positive about the changes and consider increasing the state presence in the banking market of the natural course of development. They link these changes with the possibility of increasing the funding the most important sectors of the real sector of the economy: construction, metallurgy, mechanical engineering. The problem of the banking sector today and in previous periods is similar in many respects: banks still continue to search for the elusive Holy Grail - lasting relationships with customers. Despite the high technology, graphical user interfaces and marketing strategy for the implementation of the task is still unclear in many respects.

scholarly journals Assessment of the State of Competition in the Banking Market in the Russian Federation

2016 ◽  
Vol 62 (3) ◽  
pp. 13-19
Author(s):  
Anna Rabdanova ◽  
Vera Bulatova
Keyword(s):  
Russian Federation ◽  
Financial Services ◽  
Banking System ◽  
The State ◽  
Banking Competition ◽  
Monetary System ◽  
Current State ◽  
Banking Market ◽  
The Russian Federation ◽  
The Stability

Abstract Competition is one of the factors directly influencing the development of the banking market, the stability of the banking system, and the monetary system as a whole. This article describes the features of banking competition, methods of analysis of banking competition, and an analysis of the current state of competition in the banking market in the Russian Federation. The analysis of banking competition in the Russian Federation was performed using the concentration ratio for the top three companies and the Herfindahl-Hirschman Index. The research concludes with an assessment of the state of competition in the banking market and identification of the barriers to entering the financial services market.

scholarly journals Issues of Security of Remote Banking Systems

2018 ◽  
pp. 6-10
Author(s):  
Aleksandra Vlasenko ◽  
Irina Korkh
Keyword(s):  
Information Security ◽  
Russian Federation ◽  
Banking System ◽  
Personal Data ◽  
Banking Services ◽  
Electronic Signature ◽  
Security Issues ◽  
Industry Standards ◽  
Cryptographic Keys ◽  
The Russian Federation

The banking system of the Russian Federation is based on Federal legislation, as well as industry and inter-industry standards developed by the International community and the Central Bank of the Russian Federation. The introduction and development of remote banking services is the most popular direction in the modern banking system. The term ‘remote banking service’ refers to the technology of providing services for the remote transmission of orders by credit institutions (without clients’ presence in bank office), using different communication channels. Information security in bank-client systems is carried out by several types of protection. Client authentication is confirmed by the use of an electronic signature. The data channel and the data itself are encrypted. In order to implement the above-described functions of the bank-client system in any software, the client must first generate and register cryptographic keys with the bank and obtain electronic digital certificates. In addition to the protection of the transferred data, personal data that have entered the system of remote banking services also need protection. The research purpose is to analyze the system of remote banking services, to identify regulatory and methodological documents regulating information security issues, options for meeting the requirements of regulators. Confirmation or refutation of the issue’s urgency should be considered as research results.

Digital transformation of Russia's banking system as improving the competitiveness of banks

2021 ◽  
Vol 27 (2) ◽  
pp. 385-401
Author(s):  
Chenchen GUO
Keyword(s):  
Financial Market ◽  
Rapid Development ◽  
Banking System ◽  
Digital Transformation ◽  
Competitive Advantages ◽  
Banking Services ◽  
Stage Of Development ◽  
Banking Institutions ◽  
The Russian Federation ◽  
Development Methods

Subject. The article discusses the need for digital transformation of banking services in the context of ensuring the appropriate level of competitiveness of banking institutions in the Russian financial market. Objectives. The article aims to identify prospects and trends of the digital transformation of the Russian Federation's banking system in the context of improving the banks' competitive advantages and competitiveness at the current stage of development. Methods. For the study, I used the theoretical and methodological, and systems approaches. Results. The article identifies leaders in the digital transformation of banking processes and services, enabling them to provide a certain level of competitive advantages through improving the quality, accessibility and rate of services providing, as well as minimizing costs. Conclusions. The rapid development of the digital transformation of banking activities in the global financial market system necessitates the use of this experience by commercial banks of the Russian Federation.

scholarly journals Land Market of Land Plots for Housing Construction in Irkutsk

2019 ◽  
Vol 10 (4) ◽  
Author(s):  
Eleonora Batoeva ◽  
Elena Zorina
Keyword(s):  
Supply And Demand ◽  
Legal Regulation ◽  
Housing Construction ◽  
Land Market ◽  
Land Resources ◽  
Demand And Supply ◽  
Factors Affecting ◽  
Land Plot ◽  
Market State ◽  
The Russian Federation

The article examines approaches to identifying land resources, plots of land, the market of land plots for housing housing construction. It shows the features of the legal regulation of land plots in the Russian Federation and other countries, the categories of land for the intended purpose. Land plots, as real estate items. It gives a description of the market state for housing construction in Irkutsk, its characteristics and features. The article brings forth the results of studying the structure of supply and demand on the land plot market for housing construction in Irkutsk. It carries out an analysis of pricing and costs of residential allotments, as well as the factors affecting the demand and supply and costs of plots of land. It presents a conclusion about the state of land plot market for housing construction in Irkutsk, offers directions and approaches to its development.

Problems and prospects for the Russian banking supervision development in modern conditions

2020 ◽  
Vol 26 (6) ◽  
pp. 1283-1296
Author(s):  
K.A. Omarieva ◽  
P.G. Isaeva
Keyword(s):  
Banking System ◽  
Main Role ◽  
Banking Supervision ◽  
Monetary System ◽  
The Russian Federation ◽  
Document Flow ◽  
Development Methods ◽  
Further Development ◽  
Development Prospects

Subject. The article addresses problems and prospects for the banking supervision development in the Russian Federation under modern conditions. Objectives. We review the essence and methods of organization of the banking supervision, and identify the main problems and prospects for its development. Methods. To provide valid, reliable and reasoned recommendations, we apply normative and integrated approaches to the study of the banking supervision effectiveness in the current circumstances. Results. The paper investigates main problems and development prospects for the Russian banking supervision. The essential importance of supervision comes from the main role of the banking system in maintaining accounts of economic entities and making settlements. Even minor failures or delays in operations can lead to negative outcomes and disastrous consequences for the entire monetary system and the national economy. Therefore, we highlight issues that require attention, and make proposals for further development of the banking supervision. Conclusions. In the context of dynamically developing economy, the banking practice is becoming more complex. As a result, there is a need for new financial instruments that can reduce risks, increase the speed and efficiency of operations and document flow, and help achieve the world levels of introduced standards.

scholarly journals The macroeconomic effects of COVID-19 in Montenegro: a Bayesian VARX approach

2020 ◽  
Vol 6 (1) ◽  
Author(s):  
Gordana Djurovic ◽  
Vasilije Djurovic ◽  
Martin M. Bojaj
Keyword(s):  
Human Capital ◽  
Capital Stock ◽  
Economic Freedom ◽  
Supply And Demand ◽  
Health Expenditures ◽  
Highly Qualified ◽  
Demand And Supply ◽  
Policy Responses ◽  
Out Of Sample ◽  
Policy Measures

Abstract This study examines, diagnoses, and assesses appropriate macroeconomic policy responses of the Montenegrin Government to the outbreak of COVID-19. The model econometrically measures the macroeconomic costs using a Bayesian VARX Litterman/Minessota prior to the pandemic disease in terms of demand and supply loss due to illness and closed activities and their effects on GDP growth in various pandemic scenarios. We explore five economic scenarios—shocks—using the available data from January 2006 to December 2019, following real out-of-sample forecasts generated from January 2020 to December 2020. Sensitivity scenarios spanning January 2020 to June 2020 from ± 10 to ± 60% were analyzed. We observed what happens to the supply and demand sides, namely, GDP, tourism, capital stock, human capital, health expenditures, economic freedom, and unemployment. The results show a toll on the GDP, tourism, unemployment, capital stock, and especially human capital for 2020. The recommended policy measures are public finance spending initiatives focused on securing employment and keeping highly qualified staff in Montenegrin companies. Considering all uncertainties, the rebound of the Montenegrin economy could take a few years to reach pre-COVID 19 output levels.

POTENTIAL OF BANK CURRENCY TRANSACTIONS WITH CRYPTOCURRENCY IN RUSSIA

2021 ◽  
Author(s):  
Юлия Борисовна Арон ◽  
Елена Валерьевна Жегалова
Keyword(s):  
Russian Federation ◽  
Banking System ◽  
Legal Regulation ◽  
Actual Problem ◽  
Digital Currency ◽  
Russian Economy ◽  
The Russian Federation ◽  
Definition Of

В статье рассматривается актуальная проблема интеграции крипто-валюты в банковскую систему РФ. Авторами предлагается определение криптовалюты, обосновывается востребованность использования цифровой валюты в экономике. Рассматривается специфика современного правового регулирования операций с криптовалютой и перспективы его развития в российской экономике. The article deals with the actual problem of integrating cryptocurrency into the banking system of the Russian Federation. The authors propose a definition of cryptocurrency, substantiate the demand for the use of digital currency in the economy. The article considers the specifics of modern legal regulation of cryptocurrency transactions and the prospects for its development in the Russian economy.

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