| Description |
1 online resource (257 pages) : color illustrations |
| Series |
IMF Country Reports ; no. 16/303 |
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IMF country report ; no. 16/303.
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| Summary |
The establishment of the Central Bank of the Russian Federation (CBR) as a unified or "Mega Regulator" in 2013 is an emblem of the far reaching changes to the legal and supervisory landscape in recent years. In addition to the new regulatory architecture, which has itself facilitated greater cross-sectoral oversight in the financial system, a number of previous limitations have been largely or wholly addressed. These changes have permitted the CBR to make substantive progress which needs to be recognized. Past impediments to cooperation and collaboration based on supervisory information exchange (domestic and cross border) have been eliminated; the scope of application of supervision is enhanced as revisions to the perimeter of regulation, based on definition of banking group and bank holding company, are aligned with international standards, thus facilitating the practice of consolidated supervision; and the CBR is now granted the power to impose standards for the risk management (RM) and internal controls of banks and banking groups |
| Notes |
"Prepared by Monetary and Capital Markets Department, IMF, and Finance and Markets Global Practice, World Bank; This report was prepared by Katharine Seal, IMF, and Pierre-Laurent Chatain, World Bank, in the context of a joint IMF-World Bank Financial Sector Assessment Program (FSAP) mission in the Russian Federation during February, 2016. The FSAP was led by Karl Habermeier, IMF and Aurora Ferrari, World Bank, and overseen by the Monetary and Capital Markets Department, IMF, and the Finance and Markets Global Practice, World Bank "--Page 2 of pdf |
|
"September 2016." |
| Bibliography |
Includes bibliographical references |
| Notes |
Description based on online resource; title from pdf title page (IMF website, viewed October 11, 2016) |
| Subject |
International Monetary Fund -- Russia (Federation)
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| SUBJECT |
International Monetary Fund fast |
| Subject |
Banks and banking -- State supervision -- Russia (Federation)
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Banks and banking, Central -- Russia (Federation)
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Financial risk management -- Russia (Federation)
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Fiscal policy -- Russia (Federation)
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Banks and banking -- State supervision
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Banks and banking, Central
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Financial risk management
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Fiscal policy
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Bank Supervision.
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Banking Sector.
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Basel Core Principles.
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Financial Sector Assessment Program.
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Russia (Federation)
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Russian Federation.
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| Form |
Electronic book
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| Author |
Chatain, Pierre-Laurent, 1961- author.
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Ferrari, Aurora, author.
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Habermeier, Karl Friedrich, author.
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International Monetary Fund. Monetary and Capital Markets Department.
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International Monetary Fund. issuing body.
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World Bank Group. Finance and Markets Global Practice Group.
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| ISBN |
1475538413 |
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9781475538410 |
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