## Russian Federation: Financial System Stability Assessment

_IMF Staff Country Reports, May 30, 2003_

## Source details

**Canonical URL:** [Russian Federation: Financial System Stability Assessment](https://www.imf.org/en/publications/cr/issues/2016/12/30/russian-federation-financial-system-stability-assessment-16578)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/30/russian-federation-financial-system-stability-assessment-16578/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/30/russian-federation-financial-system-stability-assessment-16578/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/30/russian-federation-financial-system-stability-assessment-16578/bundle-manifest.json)

## Bibliographic details
- Published: May 30, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451833096.002

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### 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

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## Content in this bundle

- **Russian Federation:  Financial System Stability Assessment - ISCR/03/147**
  - [Russian Federation:  Financial System Stability Assessment - ISCR/03/147 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2003/_cr03147.pdf.md){rel="alternate" type="text/markdown"}
  - [Russian Federation:  Financial System Stability Assessment - ISCR/03/147 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2003/_cr03147.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/russian-federation-financial-system-stability-assessment-16578_