О направлениях развития партнерского банкинга и финансов
The development of partnership (Islamic) banking and finance in Russia at the current stage is possible in several areas: first of all, the provision of partner financing services by credit organizations, and the development of partnership financing (all or any part of the services) through non-credit organizations, including the development based on the experience of the existing Islamic trade and investment companies.
Prospects for the use of Islamic financial products may not fail to attract Russian companies, and traditional and oriented to the observance of the Quran. However, Russian legislation does not provide opportunities for the application of these tools, in this connection, the issues of adaptation of Islamic finantial products and possibility of realization of these projects in Russia are becoming very relevant.
The aim of this paper is to present the results of research devoted to the analysis of possibilities of application of Islamic financial products in Russia.
The article is related to the problematic of the content of the terms «banking service», «banking fee», as well as protection of citizens who conclude the consumer credit agreements from groundless banking fees.
The article considers different models of legal regulations of bank deposits contracts in different legal systems (Great Britain, France, Russia), with the conclusion that mitigating contractual bargaining powers is the main target of the legal regulation of bank deposit contract, which is achievable with the means specific for a particular legal system.
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.