Russian Federation Financial Sector Assessment Program : Bank Resolution and Crisis Management Framework.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund.

World Bank.

Series:

Financial Sector Assessment Program

World Bank e-Library.

Language:

English

Subjects (All):

Bankruptcy and Resolution of Financial Distress.

Finance and Financial Sector Development.

Financial and Private Sector Development.

Financial Crisis Management & Restructuring.

Financial Regulation & Supervision.

Governance.

International Financial Standards and Systems.

Local Subjects:

Bankruptcy and Resolution of Financial Distress.

Finance and Financial Sector Development.

Financial and Private Sector Development.

Financial Crisis Management & Restructuring.

Financial Regulation & Supervision.

Governance.

International Financial Standards and Systems.

Other Title:

Russian Federation Financial Sector Assessment Program

Place of Publication:

Washington, D.C. : The World Bank, 2016.

System Details:

data file

Summary:

The experiences of past financial crises have strengthened the Russian bank resolution framework. The resolution framework has been effective in preserving financial stability. The effectiveness of bank resolution could be improved. Introduction of the full range of resolution powers and safeguards recommended by the Financial Stability Board (FSB) Key Attributes (KAs) would improve the framework's effectiveness. Resolution measures should be taken without relying on the use of public funds. To ensure adequate bank capitalization, a comprehensive review of banks' asset portfolios and collateral valuations is warranted.