Сопоставление рейтинговых шкал для финансовых институтов
Russia has adopted a law regulating the activities of credit rating agencies. The article analyses
In the formation of features in regulation of the agreement on awarding credit rating legislator has introduced a number of innovations to solve problems that were previously solved structures such as a public contract, contract of adhesion.
Analysis of new regulation involving coordination with the bases regulator failure of rating agencies to conclude a contract with have addressed the subject, have some obvious flaws, cast doubt on the effectiveness of such rules.The balance of interests of the parties of the agreement on awarding credit rating, users of ratings and the regulator is not reached.
The article reviews the evolution of credit risk evaluation over the last 50 years from the financial coefficients to the credit ratings. Some related issues are discussed - they are the rating agencies’ activity, the structure of the ratings market, the peculiar properties of international and Russian ratings markets. The types of credit risk modeling researches are classified.
Russia has adopted a law regulating the activities of credit rating agencies. The article analyses the rules for admission of rating agencies in the market in terms of protecting the rights of users of credit ratings. The author believes that imposed strict requirements would not improve competition of independent credit rating agencies in this market. Comparison of regulation of rating agencies with similar activities of the audit organisations shows only stringent requirements for the first, with very soft regulation of auditors. At the same time there are no effective mechanisms to protect the rights of rated entities and the users of credit ratings.
Smoking is a problem, bringing signifi cant social and economic costs to Russiansociety. However, ratifi cation of the World health organization Framework conventionon tobacco control makes it possible to improve Russian legislation accordingto the international standards. So, I describe some measures that should be taken bythe Russian authorities in the nearest future, and I examine their effi ciency. By studyingthe international evidence I analyze the impact of the smoke-free areas, advertisementand sponsorship bans, tax increases, etc. on the prevalence of smoking, cigaretteconsumption and some other indicators. I also investigate the obstacles confrontingthe Russian authorities when they introduce new policy measures and the public attitudetowards these measures. I conclude that there is a number of easy-to-implementanti-smoking activities that need no fi nancial resources but only a political will.
One of the most important indicators of company's success is the increase of its value. The article investigates traditional methods of company's value assessment and the evidence that the application of these methods is incorrect in the new stage of economy. So it is necessary to create a new method of valuation based on the new main sources of company's success that is its intellectual capital.