Russian Federation : Financial System Stability Assessment

Publication Date: September 27, 2011
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Summary: 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.
Series: Country Report No. 11/291
Subject(s): Bank resolution | Bank supervision | Banks | Basel Core Principles | Credit risk | Deposit insurance | Financial sector | Insurance supervision | Nonbank financial sector | Risk management

Notes Also available in Russian.
Publication Date: September 27, 2011
ISBN/ISSN: 9781463904203/1934-7685 Format: Paper
Stock No: 1RUSEA2011002 Pages: 77
US$18.00 (Academic Rate:
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