Russian Federation: Targeted Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
IMF Staff Country Reports, November 29, 2011
Source details
- Canonical URL
- Russian Federation: Targeted Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
Other formats
Bibliographic details
- Published: November 29, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463925925.002
Overview and scope
- Focus: Targeted detailed assessment of observance of the Basel Core Principles for effective banking supervision.
- Selection of principles to be reassessed: Made by the mission team based on an analysis of the risks and vulnerabilities of the Russian Federation.
- Key legal finding: The Central Bank of Russia (CBR) Law does not establish requirements for banks to seek prior CBR approval when making domestic investments in nonbank financial institutions.
Primary findings
- The mission team identified specific Basel Core Principles for reassessment through risk and vulnerability analysis of the Russian Federation.
- Legal/regulatory gap noted:
- "The Central Bank of Russia (CBR) Law does not establish requirements for banks to seek prior CBR approval when making domestic investments in nonbank financial institutions."
Subject areas and keywords
- Subject areas:
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Banking
- Capital adequacy requirements
- Correspondent banking
- Credit
- Credit risk
- Crime
- Financial regulation and supervision
- Financial services
- Money
- Keywords:
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- banking group
- board of directors
- capital adequacy ratio
- Capital adequacy requirements
- central bank
- Correspondent banking
- CR
- Credit
- credit risk
- Credit risk
- financial condition
- Global
- holding company
- ISCR
- risk management
Content in this bundle
- _cr11336 — Detailed Assessment Report