Russian Federation Financial Sector Assessment Program : Basel Core Principles for Effective Banking 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 nat...

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Main Authors:	International Monetary Fund, World Bank
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
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 http://hdl.handle.net/10986/25263

id	okr-10986-25263
recordtype	oai_dc
spelling	okr-10986-252632021-06-14T10:15:02Z 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 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 http://hdl.handle.net/10986/25263 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Financial Sector Assessment Program Europe and Central Asia Russian Federation
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	bank supervision
spellingShingle	bank supervision International Monetary Fund World Bank Russian Federation Financial Sector Assessment Program : Basel Core Principles for Effective Banking Supervision
geographic_facet	Europe and Central Asia Russian Federation
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
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 : Basel Core Principles for Effective Banking Supervision
title_short	Russian Federation Financial Sector Assessment Program : Basel Core Principles for Effective Banking Supervision
title_full	Russian Federation Financial Sector Assessment Program : Basel Core Principles for Effective Banking Supervision
title_fullStr	Russian Federation Financial Sector Assessment Program : Basel Core Principles for Effective Banking Supervision
title_full_unstemmed	Russian Federation Financial Sector Assessment Program : Basel Core Principles for Effective Banking Supervision
title_sort	russian federation financial sector assessment program : basel core principles for effective banking supervision
publisher	World Bank, Washington, DC
publishDate	2016
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 http://hdl.handle.net/10986/25263
_version_	1764458816756252672

Russian Federation Financial Sector Assessment Program : Basel Core Principles for Effective Banking Supervision

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