IMF Staff Country Reports

Russian Federation: Financial System Stability Assessment

May 30, 2003

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Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "Russian Federation: Financial System Stability Assessment", IMF Staff Country Reports 2003, 147 (2003), accessed November 21, 2024, https://doi.org/10.5089/9781451833096.002

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Summary

This paper presents key findings of the Financial System Stability Assessment for the Russian Federation. There are significant vulnerabilities and weaknesses in the financial sector, although given its 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, and loan loss provisioning may not fully reflect risks.

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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