Importance The article discusses activities of commercial banks, which are currently exposed to a lot of risks. Notwithstanding that many organizations monitor banking risks in the Russian Federation, the existing monitoring system demonstrates low efficiency. Thus it is necessary to set up a comprehensive system for monitoring banking risks. Objectives The research pursues a qualitative evaluation of the Russian banking system by analyzing trends in activities of commercial banks as compared with indicators of the 1998 and 2008 crises. The research is also aimed at outlining proposals on forming a comprehensive system for banking risks monitoring. Methods We applied a comparative analysis on the basis of official statistics, data of the Russian Central Bank and our judgments, thus giving a qualitative evaluation of the banking system. Results Under current circumstances, it gets even more important to promptly identify, interpret and monitor risks of the national banking. We suggest the Russian banking sector should run a comprehensive banking risk monitoring system based on cooperation and balanced activities of centralized and decentralized banking risk monitoring sub-systems, which ensure ongoing and prompt identification, evaluation and forecasting of risks in banking. Conclusions and Relevance To survive in the current circumstances, it is extremely important for commercial banks to quickly and effectively analyze the results of financial risks monitoring and respond to negative changes, project possible scenarios and undertake relevant measures to ensure sustainability, reliability and stability of the banks or the banking system.
Kir'yanov M. Bankovskaya sistema Rossii kak lokomotiv ee ekonomiki [The banking system of Russia as its economic driver]. Bankovskoe delo = Banking, 2014, no. 5, pp. 41–46.
Dvoretskaya A.E. Modifikatsiya bankovskogo nadzora s uchetom urokov mirovogo krizisa [Modifying the banking supervision in line with the experience of global crises]. Den'gi i kredit = Money and Credit, 2012, no. 5, pp. 24–29.
Lobanov A.A. Regulirovanie kapitala na pokrytie rynochnykh riskov v Bazele III: shag vpered ili dva shaga nazad? [Regulating capital to cover the market risks as per Basel III: a step forward or two steps backward?]. Den'gi i kredit = Money and Credit, 2011, no. 8, pp. 35–40.
Hainsworth R. O prozrachnosti rossiiskogo bankovskogo sektora [On transparency of the Russian banking sector]. Bankovskoe delo = Banking, 2006, no. 1, pp. 16–17.
Travkina E.V. Neobkhodimost' monitoringa bankovskikh riskov i ego znachenie dlya razvitiya ekonomiki strany [The necessity of bank risk monitoring and its role for the national economy’s development]. Izvestiya Saratovskogo universiteta. Novaya seriya. Ser. Ekonomika. Upravlenie. Pravo = Izvestiya of Saratov University. New Series. Series: Economics. Management. Law, 2010, vol. 10, no. 2, pp. 45–48.
Kazakov V.V., Ivasenko A.G. Problemy i perspektivy vnedreniya finansovykh innovatsii v razreze tendentsii razvitiya finansovykh rynkov [Problems and prospects of introduction of financial innovation in the context of trends in financial markets]. Problemy ucheta i finansov = Problems of Accounting and Finance, 2014, no. 3, pp. 36–41.
Tsapieva O.K., Idziev G.I. Analiz vosproizvodstvennogo potentsiala respublik Severo-Kavkazskogo federal'nogo okruga [Republics of the North Caucasian Federal District: an analysis of reproduction potential]. Problemy sovremennoi ekonomiki = Problems of Modern Economics, 2012, no. 2, pp. 281–284.
Khvostova I.E., Novak A.E. Monetarnaya stabilizatsiya: modelirovanie i otsenka dlya Rossii v 2004–2012 gg [Monetary stabilization: modeling and estimation for the Russian economy in 2004–2012]. Zhurnal novoi ekonomicheskoi assotsiatsii = Journal of the New Economic Association, 2014, no. 3, pp. 89–106.
Sukhov M.I. Bankovskii sektor Rossii: nekotorye aktual'nye voprosy regulirovaniya [The banking sector of Russia: some topical regulatory issues]. Den'gi i kredit = Money and Credit, 2013, no. 4, pp. 3–6.
Voilukov A.A. Perspektivy razvitiya regional'nykh kreditnykh organizatsii [Prospects for developing the regional credit institutions]. Den'gi i kredit = Money and Credit, 2012, no. 11, pp. 12–16.
Sosunov K.A. Otsenka funktsii sprosa na den'gi v Rossii [Estimation of the money demand function in Russia]. Zhurnal novoi ekonomicheskoi assotsiatsii = Journal of the New Economic Association, 2013, no. 2, pp. 89–99.
Van Greuning H., Bratanovic S.B. Analiz bankovskikh riskov. Sistema otsenki korporativnogo upravleniya i upravleniya finansovym riskom [Analyzing Banking Risk. A Framework for Assessing Corporate Governance and Financial Risk]. Moscow, Ves' mir Publ., 2004, 304 p.
Tsapieva O.K., Idziev G.I., Esetova A.M. Innovatsionnoe razvitie promyshlennosti regiona i ego rol' v formirovanii konkurentosposobnykh proizvodstv [Innovative development of the regional industry and its role for the formation of enterprises’ competitiveness]. Problemy sovremennoi ekonomiki = Problems of Modern Economics, 2012, no. 2, pp. 303–307.
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. 38–43.
