IMF Staff Country Reports

Russian Federation: Financial System Stability Assessment

Publication Date:

September 27, 2011

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Even though the Russian authorities have maintained financial stability at the time of a major global shock, the financial system is still weak. The crisis has set back progress toward a strong, competitive banking system for the future. The recent unification of the supervision of nonbank financial institutions is an opportunity for strengthened oversight. A more structured corrective action regime and a unified administration regime for all banks, with broad powers for the administrator, would help strengthen the system further.

Series:

Country Report No. 2011/291

Subject:

Banking Capital adequacy requirements Commercial banks Correspondent banking Credit Financial institutions Financial regulation and supervision Financial services Loans Money

Notes:

Also available in Russian.