DIGITALIZATION OF THE FINANCIAL MARKET AS A DRIVER DEVELOPMENT OF PRUDENTIAL SUPERVISION BY THE BANK OF RUSSIA

Accumulated experience in the development of financial markets confirms the importance of interrelations between the type of the chosen model of regulation and historically achieved “depth of financial structure”, as well as national institutional characteristics. Effective regulation model which takes into account these features became an indispensable condition for economic growth. The authors analyze patterns of development of regulation and supervision systems in the financial markets on a sample of 50 countries focusing on trends in integration of regulation and supervision. The calculations show that a new model of rigid integrated system of prudential supervision and regulation formed in RF on the basis of the Bank of Russia does not fully take into account the level of development of institutional investors and creates risks of excessive administrative pressure on non-bank financial institutions and competitive environment weakening. Solving these problems requires active effort on the part of government agencies and financial market participants.

Download Full-text

Can agent-based financial market forecast?: The role of agent engineering

PsycEXTRA Dataset ◽

10.1037/e428752008-001 ◽

2008 ◽

Author(s):

Chen Shu-Heng ◽

Ying Fang

Keyword(s):

Financial Market ◽

Agent Based ◽

Market Forecast

Download Full-text

European Responses to Globalization and Financial Market Integration

10.1057/9780230535824 ◽

2000 ◽

Cited By ~ 45

Author(s):

Amy Verdun

Keyword(s):

Financial Market ◽

Market Integration ◽

Financial Market Integration

Download Full-text

External Factors of Big Business Transformation in Russia

Voprosy Ekonomiki ◽

10.32609/0042-8736-2005-10-72-89 ◽

2005 ◽

pp. 72-89 ◽

Cited By ~ 1

Author(s):

Ya. Pappe ◽

Ya. Galukhina

Keyword(s):

Financial Market ◽

Capital Market ◽

Business Groups ◽

External Factors ◽

Big Business ◽

Business Transformation ◽

Global Standards ◽

The World ◽

Principal Subject

The paper is devoted to the role of the global financial market in the development of Russian big business. It proves that terms and standards posed by this market as well as opportunities it offers determine major changes in Russian big business in the last three years. The article examines why Russian companies go abroad to attract capital and provides data, which indicate the scope of this phenomenon. It stresses the effects of Russian big business’s interaction with the world capital market, including the modification of the principal subject of Russian big business from integrated business groups to companies and the changes in companies’ behavior: they gradually move away from the so-called Russian specifics and adopt global standards.

Download Full-text

Russian Banking Sector under World Financial Market Uncertainty: Problems and Prospects

Voprosy Ekonomiki ◽

10.32609/0042-8736-2008-3-4-19 ◽

2008 ◽

pp. 4-19 ◽

Cited By ~ 1

Author(s):

A. Ulyukaev ◽

E. Danilova

Keyword(s):

Emerging Markets ◽

Financial Market ◽

Banking Sector ◽

Financial System ◽

Local Market ◽

Market Uncertainty ◽

Balanced Growth ◽

Banking Sector Development ◽

The World ◽

The Usa

The authors point out that the local market crisis - on the USA substandard loan market - has led to the uncertainty of the world financial market. It has caused the growing demand for liquidity in the framework of the world financial system. The Russian banking sector seems to be more stable under negative changes than banking systems of other emerging markets. At the same time one can assume that the crisis will become the factor of qualitative shift in the character of the Russian banking sector development - the shift from impetuous to more balanced growth.

Download Full-text