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

September 22, 2016

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Format: Chicago

Russian Federation: Financial Sector Assessment Program: Technical Note-Bank Resolution and Crisis Management Framework, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for the Russian Federation in the areas of bank resolution and a crisis management framework. The findings reveal that the 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. Introduction of the full range of resolution powers and safeguards recommended by the Financial Stability Board Key Attributes would improve the framework’s effectiveness.

Subject: Bank deposits, Bank resolution, Bank resolution framework, Banking, Correspondent banking, Financial crises, Financial institutions, Financial services, Loans

Keywords: Balance sheet, Bank deposits, Bank Resolution, Bank resolution, Bank resolution framework, CBR loan, Correspondent banking, CR, DIA participation, Europe, Failed bank, Financial condition, Insurance coverage, Investor bank, ISCR, Loans, Preferred shares, Public funds, Purchase bank share, Resolution measure, Resolution regime, State corporation Deposit Insurance Agency

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/308
Stock No:

1RUSEA2016011
ISBN:

9781475538502
ISSN:

1934-7685

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