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

_IMF Staff Country Reports, September 22, 2016_

## Source details

**Canonical URL:** [Russian Federation: Financial Sector Assessment Program: Technical Note-Bank Resolution and Crisis Management Framework](https://www.imf.org/en/publications/cr/issues/2016/12/31/russian-federation-financial-sector-assessment-program-technical-note-bank-resolution-and-44290)

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## Bibliographic details
- Published: September 22, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475538502.002

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### 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*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/russian-federation-financial-sector-assessment-program-technical-note-bank-resolution-and-44290_