Иностранные банки в странах Центральной Азии
The article is a pilot holistic study in Russian academia of foreign-funded banks operating or targeting Central Asian region and looks into the effect of exogenous and endogenous risks on banking performance and on regional banking sector at large. It is found that internationalization of banking regulation and supervision positively affects foreign-funded banks regardless of their size, country of origin, and local market experience. Identified risks further systematized through economic and legal domains that allowed understand the key characteristics of alien banks’ effective performance in Central Asia.
The article addresses the G20 compliance with its long-standing commitment to refrain from protectionist measures. The paper attempts to measure and compare the results of individual G20 members in different timeframes between the summits. The analysis is based on the data from the WTO reports on G20 trade and trade-related measures. The author believes that the effectiveness of G20 in this field of cooperation remains low, which is substantiated by a large number of protectionist measures adopted by the G20 members in the period between Washington summit in 2008 and Cannes summit in 2011. The publication is prepared within the framework of a joint project "Enhancing Effectiveness of Russia's Participation in G8, G20 and BRICS in Compliance with the Russian Federation National Priorities in Global Governance and Developing Recommendations for the Russian Presidency of G20 in 2013" implementing by Russian International Affairs Council (RIAC) and International Organisations Research Institute (IORI) of the National Research University Higher School of Economics in 2012.
This collection contains reports presented by the participants for taking part in the Annual International Conference "Evolution of the World Trade System: problems and prospects". The Conference was held in Saint Petersburg on October 29-30, 2015.
The aim of the article is to model dynamics of risks and assess the cyclical effect of Basel II in the Russian banking system.
Authorities of the state regulation, creditors and investors are interested in getting reliable information about the banking sector activities. The procedure of bank financial soundness and accountability evaluation is carried out by supervision authorities as well as by international and national rating agencies. The analysis of the methodologies of bank accountability evaluation and forecasting in Russia shows the following results. The Bank of Russia makes decisions on banks financial soundness based on financial coefficients of different groups; the calculations are grounded on the official bank statements. Apart from financial indicators, rating agencies evaluate qualitative parameters of the bank activities. The common problem of the bank financial accountability analysis in Russia is the lack of use of the forecasting methods predicting the financial statement of banks and the probability of default. As a result, the problem-free banks corresponding to the demands of the supervision authorities on standards were considered to be problematic during the crisis. The aim of this research is the dynamic analysis of the main indicators of the Russian banks activities at the different stages of the economic cycle in order to identify the indicators of the early bankruptcy prediction and the opportunity to forecast the changes in the bank financial statement.
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.