Моделирование финансовых инноваций в банковском секторе
Innovative financial services foster both financial and real sector development. The research paper introduces multiperiod model of financial innovations, based on Harold Hotelling’s
approach (model of a linear city). This model allows to identify factors incentivizing banks for creation new quality services and to comprehend what consumer groups are able to enhance innovative activity of banks.
Scientists and politicians are absolutely sure that we require a professional approach to solving such problems as generation and diffusion of innovations; that is why many universities nowadays offer new degree programs in this field. The author explains why companies need innovation managers. Also, he propones a method for conducting express assessment of company’s innovation activity which will allow to assess its organization and to define functions and tasks of innovation staff. Some recommendations on innovation staff training are given.
A link, necessary for effective development of innovative economic sector, is being formed in Russia now. This indispensable link is "business-angels". Creation of transparent regional associations or networks of business-angels should make this process noticeably active. For this purpose it is necessary to study foreign experience and go along the well-tracked road adjusting to specificity of Russian mentality.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.