Open AccessContents and principles of stability of the banking system
Author(s) -
Hadir H. Shubbar,
Шуббар Хадир,
Andrey V. Guirinsky,
Гиринский Андрей Владимирович
Publication year - 2019
Publication title -
vestnik rossijskogo universiteta družby narodov. seriâ èkonomika
Language(s) - English
Resource type - Journals
eISSN - 2408-8986
pISSN - 2313-2329
DOI - 10.22363/2313-2329-2019-27-1-63-71
Subject(s) - context (archaeology) , business , financial stability , work (physics) , retail banking , accounting , financial regulation , quality (philosophy) , financial system , basel iii , basel ii , international banking , finance , economics , engineering , capital requirement , mechanical engineering , paleontology , philosophy , epistemology , incentive , microeconomics , biology
The main approaches to understanding the essence of “stability of banking system” are conducted in the article. The basic principles are also given, inherent in a stable banking system. Further, the main factors affecting the stability of the banking system are considered. The article determined the components of ensuring the assessment of the bank’s financial stability. The basic principles of effective banking supervision are the actual minimum standard for prudent regulation and supervision of banks and banking systems. Initially issued by the Basel Committee on Banking Supervision in 1997, they are used by countries as a guide to assess the quality of their surveillance systems and to determine future work towards achieving a basic level of rational oversight practices. The core principles are also used by the International Monetary Fund (IMF) and the World Bank in the context of the Financial Sector Assessment Program (FSAP) to assess the effectiveness of banking supervisory systems and country practices.