Russian Federation: Financial System Stability Assessment

July 13, 2016

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Format: Chicago

Russian Federation: Financial System Stability Assessment, (USA: International Monetary Fund, 2016) accessed November 23, 2024

Summary

This paper discusses key findings of the Financial System Stability Assessment of Russian Federation. The Russian banking system is weak and likely to need additional capital. Even in the baseline scenario, certain banks will need new capital owing to low profitability and increasing credit losses. The required resources increase in the stress scenarios, but remain manageable. Bank regulation and supervision have greatly improved in recent years, but there is more to be done. Key areas for improvement include related party lending, country and transfer risks, operational risks, and supervisory interactions with external auditors. In addition, the implementation of risk-based supervision is also in progress.

Subject: Banking, Capital adequacy requirements, Commercial banks, Correspondent banking, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Financial services, Loans, Stress testing

Keywords: Asset quality, B. bank resolution, Bank assets, Bank governance, Bank profitability, Banking sector, Banking system, Capital adequacy requirements, CBR balance sheet, CBR financing, CBR inspection, CBR law, CBR liquidity provision, CBR policy, Commercial banks, Correspondent banking, CR, Cross-border bank exposure, Global, ISCR, Loans, Mid-sized bank, Stress testing, TD exercise

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/231
Stock No:

1RUSEA2016003
ISBN:

9781498363068
ISSN:

1934-7685

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