Russian Federation Financial Sector Assessment Program

Russian Federation Financial Sector Assessment Program

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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. The level of compliance with the Basel Core Principles (BCP) reflects the transitional nature of the supervisory practices in Russia at the time of the assessment. The CBR is in the course of developing and enhancing its Risk Based Approach to supervision. The regulatory approach in the Russian Federation is highly rules based and this presents some specific challenges to an effective risk based supervisory regime. Supervision and Anti-Money Laundering and/Countering Terrorist Financing (AML/CFT) regulations have been improved. Effective communication and flow of information has been improving but some limitations still apply.

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Bibliographic Details
Main Authors: International Monetary Fund, World Bank
Format: Report biblioteca
Language:English
en_US
Published: World Bank, Washington, DC 2016-09
Subjects:bank supervision,
Online Access:http://documents.worldbank.org/curated/en/2016/09/26803504/russian-federation-financial-sector-assessment-program-detailed-assessment-observance-basel-core-principles-effective-banking-supervision-bcp
https://hdl.handle.net/10986/25263
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id dig-okr-1098625263
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spelling dig-okr-10986252632024-08-07T19:51:35Z Russian Federation Financial Sector Assessment Program Basel Core Principles for Effective Banking Supervision International Monetary Fund World Bank bank supervision 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. The level of compliance with the Basel Core Principles (BCP) reflects the transitional nature of the supervisory practices in Russia at the time of the assessment. The CBR is in the course of developing and enhancing its Risk Based Approach to supervision. The regulatory approach in the Russian Federation is highly rules based and this presents some specific challenges to an effective risk based supervisory regime. Supervision and Anti-Money Laundering and/Countering Terrorist Financing (AML/CFT) regulations have been improved. Effective communication and flow of information has been improving but some limitations still apply. 2016-10-25T16:59:31Z 2016-10-25T16:59:31Z 2016-09 Report Rapport Informe http://documents.worldbank.org/curated/en/2016/09/26803504/russian-federation-financial-sector-assessment-program-detailed-assessment-observance-basel-core-principles-effective-banking-supervision-bcp https://hdl.handle.net/10986/25263 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain World Bank, Washington, DC
institution Banco Mundial
collection DSpace
country Estados Unidos
countrycode US
component Bibliográfico
access En linea
databasecode dig-okr
tag biblioteca
region America del Norte
libraryname Biblioteca del Banco Mundial
language English
en_US
topic bank supervision
bank supervision
spellingShingle bank supervision
bank supervision
International Monetary Fund
World Bank
Russian Federation Financial Sector Assessment Program
description 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. The level of compliance with the Basel Core Principles (BCP) reflects the transitional nature of the supervisory practices in Russia at the time of the assessment. The CBR is in the course of developing and enhancing its Risk Based Approach to supervision. The regulatory approach in the Russian Federation is highly rules based and this presents some specific challenges to an effective risk based supervisory regime. Supervision and Anti-Money Laundering and/Countering Terrorist Financing (AML/CFT) regulations have been improved. Effective communication and flow of information has been improving but some limitations still apply.
format Report
topic_facet bank supervision
author International Monetary Fund
World Bank
author_facet International Monetary Fund
World Bank
author_sort International Monetary Fund
title Russian Federation Financial Sector Assessment Program
title_short Russian Federation Financial Sector Assessment Program
title_full Russian Federation Financial Sector Assessment Program
title_fullStr Russian Federation Financial Sector Assessment Program
title_full_unstemmed Russian Federation Financial Sector Assessment Program
title_sort russian federation financial sector assessment program
publisher World Bank, Washington, DC
publishDate 2016-09
url http://documents.worldbank.org/curated/en/2016/09/26803504/russian-federation-financial-sector-assessment-program-detailed-assessment-observance-basel-core-principles-effective-banking-supervision-bcp
https://hdl.handle.net/10986/25263
work_keys_str_mv AT internationalmonetaryfund russianfederationfinancialsectorassessmentprogram
AT worldbank russianfederationfinancialsectorassessmentprogram
AT internationalmonetaryfund baselcoreprinciplesforeffectivebankingsupervision
AT worldbank baselcoreprinciplesforeffectivebankingsupervision
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