Open AccessFeatures of Application of Modern Concepts of Bank Regulation and Supervision in Russia
Author(s) -
Lazar Badalov
Publication year - 2020
Publication title -
federalizm
Language(s) - English
Resource type - Journals
ISSN - 2073-1051
DOI - 10.21686/2073-1051-2020-2-162-156
Subject(s) - context (archaeology) , financial regulation , order (exchange) , business , financial crisis , globalization , central bank , financial stability , financial globalization , economic system , retail banking , accounting , financial system , economics , market economy , finance , macroeconomics , geography , monetary policy , archaeology
Even in times of crisis, the key to stability of the modern banking system remains largely the concepts of banking regulation and supervision used by supervisors. In the context of globalization and external challenges, the Central Bank of Russia is adapting foreign concepts of regulation and supervision to the realities of the Russian financial system in order to ensure sustainable socio-economic development of the country. That is why the article is devoted to the analysis of the effectiveness of modern concepts of banking regulation and supervision. The article lists and characterizes the most common concepts in the use of banking regulation and supervision, as well as provides an author’s view of modern alternative approaches to the organization of banking regulation and supervision, which can allow the Central Bank of Russia to improve the applied supervisory regime.