Princeton University Library Catalog

Russian Federation [electronic resource] : Report on the Observance of Standards and Codes-Basel Core Principles for Effective Banking Supervision.

Author:
International Monetary Fund. Monetary and Capital Markets Department [Browse]
Format:
Book
Language:
English
Published/​Created:
Washington, D.C. : International Monetary Fund, 2016.
Description:
1 online resource (36 p.)
Series:
IMF Staff Country Reports [More in this series]
Summary note:
This paper presents an assessment of the level of implementation of Basel Core Principles for Effective Banking Supervision in Russian Federation. The legal framework currently in place provides the Central Bank of the Russian Federation (CBR) with necessary powers and responsibilities. The Russian licensing regime for banks appears exhaustive. The legal and regulatory framework provides CBR with a set of instruments and tools to ensure that the licensing process is sound. CBR also has the power to review, reject, and impose prudential conditions on any proposals to transfer significant ownership or controlling interests held directly or indirectly in existing banks to other parties. However, the legal regime for major acquisitions in Russia is found to be weak.
Source of description:
Description based on print version record.
ISBN:
  • 1475517327 :
Doi:
  • 10.5089/9781475517323.002
Related name:
Other views:
Staff view