Russian Federation: Financial Sector Stability Assessment Update
IMF Staff Country Reports, April 21, 2010
Source details
- Canonical URL
- Russian Federation: Financial Sector Stability Assessment Update
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Bibliographic details
- Published: April 21, 2010
- Series: IMF Staff Country Reports
Summary findings
- Indicators of bank soundness and performance are broadly favorable.
- Credit risk poses a challenge over the medium term.
- Capitalization should rise to support continued banking sector development.
- The system has weathered the global credit crunch that began in mid-2007.
- The funding model is coming under strain as the turmoil in global markets continues.
- Capital markets have grown dramatically in recent years but remain highly concentrated.
Key themes and risks
- Banking sector resilience
- Broadly favorable indicators of bank soundness and performance.
- Need for higher capitalization to support sector development.
- Credit risk
- Identified as a medium-term challenge for the banking sector.
- Funding model and market turmoil
- Funding model under strain amid ongoing global market turmoil that followed the mid-2007 global credit crunch.
- Capital markets
- Dramatic growth in recent years.
- High concentration remains a structural issue.
Subject coverage and keywords
- Subjects: Banking, Correspondent banking, Credit, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Financial services, Insurance companies, Loans, Market risk, Money, Stress testing
- Keywords: B. problem bank resolution, bank assets, bank capital, bank liability, bank resolution process, bank supervision, banking system, Correspondent banking, CR, Credit, credit risk, Global, interbank market, interest rate, ISCR, loan portfolio, Loans, Market risk, peer grouping, risk management, Stress testing
Content in this bundle
- Executive Summary — IMF Financial Sector Assessment