Russian Federation

Know about the book -

Russian Federation is written by International Monetary Fund. European Dept. and published by International Monetary Fund. It's available with International Standard Book Number or ISBN identification 1475538413 (ISBN 10) and 9781475538410 (ISBN 13).

This paper evaluates observance of the Basel Core Principles for Effective Banking Supervision in the Russian Federation. The legal framework currently in place provides the Central Bank of Russia (CBR) with necessary powers and responsibilities. The CBR may authorize banks, conduct ongoing supervision, oversee compliance with laws, and undertake corrective action to address safety and soundness. Major new reforms increase many aspects of the CBR’s duties and powers, although implementation has not yet been tested in all cases. The Russian licensing regime for banks appears exhaustive. However, the legal regime for major acquisitions was found to be weak.