Russian Federation: Financial Sector Assessment Program: Technical Note-Bank Resolution and Crisis Management Framework
IMF Staff Country Reports, September 22, 2016
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- Russian Federation: Financial Sector Assessment Program: Technical Note-Bank Resolution and Crisis Management Framework
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Bibliographic details
- Published: September 22, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475538502.002
Summary and key findings
- The Technical Note reviews findings and recommendations from the Financial Sector Assessment Program for the Russian Federation on bank resolution and a crisis management framework.
- 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 by introducing the full range of resolution powers and safeguards recommended by the Financial Stability Board Key Attributes.
Major themes and topics covered
- Bank deposits
- Bank resolution and Bank resolution framework
- Banking and Financial institutions
- Correspondent banking
- Financial crises and Financial services
- Loans
Recommendations and policy implications
- Introduce the full range of resolution powers and safeguards recommended by the Financial Stability Board Key Attributes to improve the effectiveness of the Russian bank resolution framework.
Key statistics and publication metadata
- Pages: 51
- Volume: 2016
- Issue: 308
- Series: Country Report No. 2016/308
- DOI: https://doi.org/10.5089/9781475538502.002
- Stock No: 1RUSEA2016011
- ISBN: 9781475538502
- ISSN: 1934-7685
- Publication date on landing page: September 22, 2016
International Monetary Fund. Russian Federation: Financial Sector Assessment Program: Technical Note-Bank Resolution and Crisis Management Framework