Russian Federation: Targeted Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision

November 29, 2011

Summary

This paper focuses on targeted detailed assessment of observance of the Basel Core Principles for effective banking supervision. The selection of the principles to be reassessed was made by the mission team based on an analysis of the risks and vulnerabilities of the Russian Federation. It was revealed that the Central Bank of Russia (CBR) Law does not establish requirements for banks to seek prior CBR approval when making domestic investments in nonbank financial institutions.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Capital adequacy requirements, Correspondent banking, Credit, Credit risk, Crime, Financial regulation and supervision, Financial services, Money

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), banking group, board of directors, capital adequacy ratio, Capital adequacy requirements, central bank, Correspondent banking, CR, Credit, credit risk, Credit risk, financial condition, Global, holding company, ISCR, risk management

Pages:
104
Volume:
2011
DOI:
https://doi.org/10.5089/9781463925925.002
Issue:
336
Series:
Country Report No. 2011/336
Stock No:
1RUSEA2011007
ISBN:
9781463925925
ISSN:
1934-7685

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