Importance When monitoring is regarded as a functional system used to counter threats of originating and developing banking risks, it pursues maintaining the stability of the banking sector and mitigating risks and their consequences. Studying the process of monitoring the banking risks as a separate type of activities at all levels of the banking system management, we can define it as systematized work of specialists and units within commercial banks and the Central Bank of Russia using specific tools and methods. Objectives Banking system monitoring relies upon a system approach that provides for an analysis of commercial banks' operations as a single ramified system that consists of mutually related and dependent components. Analyzing the literature on probable models for monitoring banking risks, we may conclude that such monitoring should be present at two levels. First, it refers to monitoring of banking risks at the macrolevel, i.e. the level of the Central Bank of Russia. Second, it implies a research at the microlevel, i.e. the level of a commercial bank. Methods Based on an indicative and integrative approach to monitoring, we suggest that the banking sector of Russia should apply a comprehensive system of monitoring banking risks. The system is driven by interaction and balanced activities of the centralized and decentralized subsystems, which will identify, evaluate and forecast trends in risky situations the banking sector may be exposed to, on a timely and ongoing basis. The Central Bank of Russia and commercial banks are regarded as entities monitoring banking risks, while banking risks are a focal point of such monitoring, which should be identified in line with definite indicative parameters. Conclusions and Relevance The development and implementation of the banking risks monitoring model in the banking sector explicitly demonstrates that, as its most important objective, the monitoring process pursues setting up a multilevel system that would prevent monitoring procedures from being disassociated at the macro-and microlevels (centralized and decentralized subsystems of marketing).
Aliev B.Kh., Idrisova S.K., Rabadanova D.A. Den'gi, kredit, banki [Money, loans, banks]. Moscow, Vuzovskii uchebnik, INFRA-M Publ., 2014, 288 p.
Aliev B.Kh., Rabadanova D.A., Bagrova E.S. K voprosu o ponyatii bankovskogo nadzora [On banking supervision concept]. Finansy i kredit = Finance and Credit, 2012, no. 35, pp. 17–23.
Arslanov Sh.D. Problemy formirovaniya i razvitiya investitsionnoi sfery v Respublike Dagestan [Issues of forming and developing the investment sector in the Republic of Dagestan]. Regional'nye problemy preobrazovaniya ekonomiki = Regional Problems of Transforming the Economy, 2014, no. 4, pp. 122–127.
Bankovskoe delo [Banking]. Moscow, Yurist Publ., 2005, 682 p.
Bankovskoe delo [Banking]. Moscow, Finansy i statistika Publ., 2007, 592 p.
Gadzhiev A.R., Aliev B.Kh. Osobennosti razvitiya regional'noi bankovskoi sistemy i ee resursnye vozmozhnosti po podderzhke malogo biznesa [The specifics of the regional banking system and its resource capabilities to support small businesses]. Finansy i kredit = Finance and Credit, 2011, no. 2, pp. 7–13.
Gotovchikov I. Rol' i mesto ekspertnykh metodov v sistemakh upravleniya bankovskimi riskami [The role and status of expert methods in banking risk management systems]. Bankovskie tekhnologii = Banking Technologies, 2011, no. 2, pp. 39–43.
Van Greuning H., Brajovic Bratanovic S. Analiz bankovskikh riskov. Sistema otsenki korporativnogo upravleniya i upravleniya finansovym riskom [Analyzing Banking Risk. A Framework for Assessing Corporate Governance and Financial Risk Management]. Moscow, Ves' mir Publ., 2004, p. 4.
Dydykin A.V. Zarubezhnaya praktika upravleniya bankovskimi riskami [Foreign practices of banking risk management]. Finansy i kredit = Finance and Credit, 2011, no. 9, pp. 75–80.
Idziev G.I. Instituty modernizatsii regional'noi ekonomiki [Institutions of regional economy modernization]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2014, no. 41, pp. 10–17.
Idziev G.I. Predposylki i ogranicheniya formirovaniya regional'nykh innovatsionnykh sistem [The background for and limitations of setting up regional innovation systems]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice, 2011, no. 41, pp. 62–68.
Idziev G.I., Tsapieva O.K. Analiz vosproizvodstvennogo potentsiala respublik Severo-Kavkazskogo federal'nogo okruga [Analyzing the reproductive potential of the republics of the North Caucasian Federal District]. Problemy sovremennoi ekonomiki = Problems of Modern Economy, 2012, no. 2, pp. 281–284.
Idrisova S.K., Rabadanova D.A., Aliev B.Kh. Otsenka kreditnogo portfelya v tselyakh obespecheniya ustoichivosti bankovskogo sektora regiona [Loan portfolio assessment for purposes of stability in the region’s banking sector]. Finansy i kredit = Finance and Credit, 2011, no. 25, pp. 2–8.
Konsul'tativnoe pis'mo Bazel'skogo komiteta po bankovskomu regulirovaniyu [The Consultative Document by the Basel Committee on Banking Supervision]. Biznes i banki = Business and Banks, 1997, no. 21, pp. 1–2.
Koch T.W. Upravlenie bankom [Bank Management]. Ufa, Spektr Publ., 1993, part 2, 164 p.
Lobanov A.A. Regulirovanie kapitala na pokrytie rynochnykh riskov v Bazele III: shag vpered ili dva shaga nazad? [Regulating the capital to cover market risks in Basel III: a step forward or two steps back?]. Den'gi i kredit = Money and Credit, 2011, no. 8, pp. 35–40.
Manuilenko V.V. Ot Bazelya I k Bazelyu III: vozmozhnosti realizatsii v rossiiskoi bankovskoi sisteme [Shifting from Basel I to Basel III: feasibility in the Russian banking system]. Finansy i kredit = Finance and Credit, 2011, no. 11, pp. 8–12.
Manuilenko V.V. Sovershenstvovanie sistemy upravleniya bankovskimi riskami kak osnova opredeleniya ekonomicheskogo kapitala [Improving the system of banking risk management as a basis for determining the economic capital]. Finansy i kredit = Finance and Credit,2010, no. 37, pp. 18–26.
Rose P.S. Bankovskii menedzhment [Commercial Bank Management]. Moscow, Delo Publ., 1997, pp. 146–147.
Solov'ev S.S. Stress-testirovanie rynochnykh riskov finansovoi organizatsii v usloviyakh krizisa [Stress tests of market risks of a financial institution during the crisis]. Finansy i kredit = Finance and Credit, 2010, no. 17, pp. 54–58.
Upravlenie riskami v usloviyakh krizisa (mneniya ekspertov) [Risk management during the crisis (experts’ opinions)]. Bankovskoe delo = Banking, 2009, no. 7, pp. 23–28.
Khvorostovskii D.V. Metodologicheskie podkhody k organizatsii protsedury stress-testirovaniya v kommercheskikh bankakh na osnove mezhdunarodnogo opyta, vklyuchaya printsipy Bazel'skogo soglasheniya [Methodological approaches to stress testing procedures in commercial banks, based on international experience, including the principles of the Basel Accords]. Finansy i kredit = Finance and Credit, 2010, no.17, pp. 59–63.
