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Regular version of the site

Article

Смена парадигмы банковского регулирования в США: от краткосрочных выгод к долгосрочному управлению рисками (часть 1)

Деньги и кредит. 2013. № 8. С. 53-61.
Джагитян Э. П., Сильвестров С. Н.

The article attempts a holistic study of the U.S. banking regulation reform spotlighting its paradigm shift from short-term benefits
to enduring prioritization of firm-specific and systemic risks. It is found that a package of prudential tools and techniques developed to
protect U.S. banks from environmental challenges is not a panacea for instability of the U.S. economy. Synchronization of Dodd-Frank Act with Basel III recommendations will contribute to better understanding of the risk management realm while internationalization of regulation will best support sustainable performance and growth of multinational banks. It is also revealed that market equilibrium requires inter alia an advanced stress-testing practice amplified by qualitative-centered scenarios that would more effectively and efficiently disentangle concealed yet critical risk-related factors. Based on the U.S. reform experience relevant recommendations are developed for the Russian banking sector.