Russian Federation: Financial Sector Assessment Program: Technical Note-Bank Resolution and Crisis Management Framework

Publication Date:

September 22, 2016

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for the Russian Federation in the areas of bank resolution and a crisis management framework. The findings reveal that the experiences of past financial crises have strengthened the Russian bank resolution framework. The resolution framework has been effective in preserving financial stability. Since January 2014, 28 banks have been placed in open bank resolution, and three were resolved by purchase and assumption transactions. The effectiveness of bank resolution could be improved. Introduction of the full range of resolution powers and safeguards recommended by the Financial Stability Board Key Attributes would improve the framework’s effectiveness.

Series:

Country Report No. 2016/308

Subject:

English

Publication Date:

September 22, 2016

ISBN/ISSN:

9781475538502/1934-7685

Stock No:

1RUSEA2016011

Pages:

51

Please address any questions about this title to publications@imf.org