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Banking system after crisis

Sofronova V.V. Candidate of Economic Science, Associate Professor of the Chair of Banking, Higher School of Economics - Nizhny Novgorod Branch ( )

Journal: Finance and credit, #9, 2011

The article analyses the processes happening in Russian banking system after the overcoming of the financial crisis sharp stage. The factors limiting the further recover and the development of banks, namely regional ones, are evaluated. The measures to solve the problems of bank capitalization increase, credit and interest rate risks management, corrections of banking system structure considering after-crisis factors are suggested.

Liquidity of banks in modern conditions

Sofronova V.V. PhD in Economics, Associate Professor of department "Banking", the Higher of Economics - the Nizhny Novgorod Branch ( )

Journal: Finance and credit, #44, 2012

In the article it is noted that in connection with the crisis phenomena in world economy the problem of creation of an effective risk management in the credit organizations got still a big urgency. Various aspects of management by the most significant bank risk of loss of liquidity are analyzed. The international approaches to the solution of problems of management by liquidity of banks in the conditions of a stressful situation are considered. The conclusion is drawn on need of strengthening of bank supervision of management of risk of liquidity for the credit organizations now.

Problems and perspectives of retail segment of national payment system development in Russia

Sofronova V.V. PhD in Economics, Associate Professor, the Department of Banking, The Nizhny Novgorod branch of the NIU Graduate School of Economics ( )

Journal: Regional Economics: Theory and Pactice, #29, 2013

Nowadays national payment system development is determined by information technologies and the growth of demand for payment services from people. Electronic means of payment are becoming increasingly demanded payment instrument. The joint retail payment area is discussed to appear in CIS. Meanwhile, many theoretical and practical questions of retail and electronic in particular, payment application are still open. This article is devoted to analysis of practical use of retail payment instruments in the region, discussion questions of natures and essence of e-money. The perspectives of retail instruments development were assessed. It is concluded that the results support the necessity of banking risk supervision enforcement in payment systems.

Regulation of the Russian Banking Sector: New Trends

Sofronova V.V. National Research University Higher School of Economics, Nizhny Novgorod, Russian Federation ( )

Journal: Finance and credit, #2, 2018

Importance The article focuses on changes in credit institutions licensing as a result of the transition to their proportional regulation.
Objectives The paper aims to consider new approaches to credit institutions regulation and develop proposals on adjustment of the methods and instruments for regulation of credit organizations with a basic license.
Methods The research uses the methods of logical and statistical analyses, observation, generalization, and classification.
Results The article reveals differences in the mechanism for regulation of banks with universal and basic licenses. The article proposes some new instruments for regulation of banks with a basic license as part of limiting the risk of dependence on large creditors, operations with non-residents and territorial arrangement. The article substantiates the expediency of creation of regional social banks on the basis of banks with a basic license.
Conclusions The conclusion is drawn about the expediency of application of proportional regulation of banks and necessity of creation of a stimulating mechanism of regulation for creation and development of a region's bank system adequate to peculiarities of the structure of the region's economy.

Financial stability of banks under crisis

Sofronova V.V. National Research University Higher School of Economics – Nizhny Novgorod, Nizhny Novgorod, Russian Federation ( )

Journal: Finance and credit, #20, 2016

Importance Recently, more and more academic economists research the behavior and reasons for decreasing the financial stability of bank under economic decline, increasing credit risks, reducing return on assets, equity and capital adequacy to cover risks.
Objectives The study aims to analyze the financial sustainability of Russian banks based on the assessment of changes in such indicators as ‘bad’ assets, return on equity and return on assets, non-performing loans, and others.
Methods The study employs methods of analysis, synthesis and generalization of phenomena in the banking sector; econometric analysis and modeling of factors affecting the financial stability of banks.
Results I determined reasons for declining financial sustainability of banks during the current period, revealed the degree of impact of bank performance indicators on financial stability, built a model to assess the probability of change in bank’s financial strength with certain predictive power, and obtained reliable results of practical application of the model.
Conclusions The financial stability of the Russian banking sector is deteriorating due to growing credit risks. I propose amendments to credit policies of banks to the extent of adjustment of the system of credit risk assessment of bank’s borrowers, taking into account macro-economic and political risks.

Assessment of the borrower’s default

Sofronova V.V. National Research University Higher School of Economics, Nizhny Novgorod Branch, Nizhny Novgorod, Russian Federation ( )

Journal: Financial Analytics: Science and Experience, #3, 2016

Importance External shocks slow down the national economic development, thus worsening borrowers’ ability to service their debts. Hence, it is reasonable to analyze the creditworthiness of rating systems so to differentiate clients per their risk exposure, through the borrower default model.
     Objectives The research systematizes and selects financial and other corporate performance indicators that give a true view of financial standing and default probability. The research tests the model in entities within another period, substantiates that banks should use rating system for credit risk assessment on the basis of default probability so to properly differentiate borrowers.
     Methods The research draws upon methods of analysis, synthesis and summarization of the current phenomena in the bank lending segment, econometric analysis of factors that influence corporate financial position, regression analysis, model testing.
     Results I found that financial performance appraisal indicators differently influenced the probability of default. I built a model to assess the probability of the borrower’s default with forecasting power. The article also describes trends in bank lending.
     Conclusions and Relevance The quality of banks’ loan portfolios deteriorates. It would be reasonable to differentiate the creditworthiness of borrowers on the basis of default rating models and apply a conservative approach to identify factors influencing corporate financial standing. I suggest ranking borrowers by their credit risk exposure to set up an interest rate, and make banks liable for non-compliance with creditworthiness assessment procedures.

Country risk in banking

Sofronova V.V. National Research University - Higher School of Economics, Nizhny Novgorod Branch, Nizhny Novgorod, Russian Federation ( )

Pleskova I.A. National Research University - Higher School of Economics, Nizhny Novgorod Branch, Nizhny Novgorod, Russian Federation ( )

Journal: Finance and credit, #14, 2015

Subject Russia's integration into the global processes of the world economy and politics, and subsequent expansion of international foreign exchange, credit and financial transactions bear additional risks for Russian credit organizations. The accepted name of such risks is country risks. Non-availability of adequate theoretical and methodological framework for identification and assessment of this type of risk makes the subject of the study particularly relevant.
     Objectives The objectives include the study of the degree of impact of various factors on the country risk value; the analysis of such factors as the condition of the budget and the balance of payments, the availability of international reserves, etc.
     Methods In the paper, we applied an econometric analysis and built an econometric model of country risk. By using this model, we tested the hypothesis about relationship of the chosen factors and country risk.
     Results We identified a positive dependence between the size of country risk and the level of public debt, as well as tight monetary policy, and a negative dependence between country risk and the balance of payments.
     Conclusions We have formulated conclusions about potential growth of country risk in Russian credit organizations, provided a unique interpretation of the country risk definition, and defined the factors affecting the country risk. We also proposed the major ways to minimize country risk in credit institutions. The results of the study may be useful for credit institutions to assess country risk when placing funds in foreign countries.

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