Abstracting and IndexingРИНЦReferativny Zhurnal VINITI RAS Worldcat Google Scholar Online availableEastvieweLIBRARY.RU Biblioclub |
Macro-prudential regulation: international approaches and ways of implementation in the Russian conditions
Available online: 6 July 2014 Subject Heading: BANKING SECTOR JEL Classification: Pages: 10-19
The paper reviews the instruments of macro-prudential regulation and analyzes the practices of its implementation and growth options in the conditions of the Russian Federation. The author analyses the system stability of the Russian banking sector and the impact of the introduction of the domestic conditions of the Basel III macro-prudential tools and considers the possibility of using of counter-cyclical capital buffer as measured on the basis of the share of foreign loans to GDP. The article evaluates the systemic sustainability of the Russian banking sector and possible consequences of the recent credit boom in retail lending and it provides the recommendations aimed at enhancing of the methodology of stress testing of the Russian banking sector. The article evaluates the consequences of implementation of the Basel III macro-prudential instruments in the Russian conditions and the ways of adaptation of international methodology to the Russian specifics. The author recommends the implementation of counter-cyclical capital buffer calculated on the basis of share of foreign borrowings in gross domestic product with concurrent decrease of the minimal total capital (without buffers) to risk-weighted assets ratio from the current 10% to the internationally accepted level of 8%. Keywords: macro-prudential regulation, systemic risk, Basel III, capital adequacy, counter-cyclical capital buffer, stress testing References:
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ISSN 2311-8768 (Online)
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