Russian Federation: Financial System Stability Assessment
IMF Staff Country Reports, May 30, 2003
Source details
- Canonical URL
- Russian Federation: Financial System Stability Assessment
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Bibliographic details
- Published: May 30, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451833096.002
Summary findings
- The paper presents key findings of the Financial System Stability Assessment for the Russian Federation.
- There are significant vulnerabilities and weaknesses in the financial sector.
- Given the financial sector's small size, the macroeconomy would be relatively little affected by the immediate impact of any financial sector distress.
- Several interlinked issues cut across the banking, capital markets, and insurance sectors and contribute to the identified vulnerabilities.
- According to official data, banks are in general well capitalized, but the quality of capital is questionable.
- Loan loss provisioning may not fully reflect risks.
Vulnerabilities across sectors
- Interlinked issues affect:
- Banking sector
- Capital markets
- Insurance sector
Banking sector specifics
- Official data indicate banks are generally well capitalized.
- Concerns remain about the quality of capital.
- Loan loss provisioning may understate actual credit risk.
Subject coverage and keywords
- Subject: Banking, Commercial banks, Corporate governance, Correspondent banking, Economic sectors, Financial institutions, Financial markets, Financial services, Payment systems, Securities markets
- Keywords: Africa, banking system, central bank, Commercial banks, corporate governance, Correspondent banking, CR, debt management, Global, insider trading, ISCR, joint stock, monetary policy, payment system, Payment systems, Securities markets, short term
Content in this bundle
- Russian Federation: Financial System Stability Assessment - ISCR/03/147