Специфика учета операций исламского банка и ее влияние на регулирование
An Islamic bank may take risks that are not the same as a traditional bank, while their capital adequacy ratio may, on the contrary, be the same. This statement is proved in the article on the example of considering the reporting of an Islamic bank. The role of the parameter а in the regulation of Islamic banks is demonstrated, which has not been previously studied in the Russian-language scientific literature. Islamic banking reporting is very obscure. The examples given in the article show that the total assets of an Islamic bank, for example, can be greater than the total assets of a traditional bank due to the peculiarities of investment accounts. To understand the specifics of accounting, the author for the first time compares Islamic financial transactions with the Russian chart of accounts.
The article deals with a model of the dynamics of aggregate banking assets to GDP in the Eurasian Economic Union member states based on the logistic equation. A fuzzy Mamdani model is applied to measure the extent to which this dynamics has an effect on Capital Adequacy Ration as a regulatory standard. Based on this model we consider scenarios of transition to regulatory standards recommended by the Basel Committee on Banking Supervision in the framework of Basel III transformation.
Islamic finance puts on the agenda of a number of issues related to the terminology used in the transactions, its correct transmission and interpretation. At the same time, Islamic finance standards contain both concepts that can be given the Russian analogues easily and efficiently (for example, the transaction "mudaraba" can be classified as asset management), and the specific terms and concepts (such as "sukuk", "best execution of an obligation" "intentionally delaying the repayment of debt"), all of which were formed under the influence of a number of factors, key of which is religious ethics and Islamic jurisprudence. This article provides examples of such concepts and terms with an explanation of their specific features and practical examples.
The new Basel III rules of macroprudential regulation were introduced for the Russian banking sector in year 2014. This article analyzes a previously unexamined for Russia impact of capital adequacy ratio on the effectiveness of bank lending channel. It is shown that when banks satisfy capital regulation rules this has a direct influence on this channel of monetary transmission mechanism: a high capital adequacy ratio weakens a contractionary effect of an increase in the Bank of Russia key rate and further stimulates credit growth when the Bank of Russia decreases its key rate. The peculiar properties of the Bank of Russia key rate dynamics in the previous years allowed to reveal the asymmetry of monetary transmission. Such an analysis also reflects the value-added of the present study.
The paper studies a problem of optimal insurer’s choice of a risk-sharing policy in a dynamic risk model, so-called Cramer-Lundberg process, over infinite time interval. Additional constraints are imposed on residual risks of insureds: on mean value or with probability one. An optimal control problem of minimizing a functional of the form of variation coefficient is solved. We show that: in the first case the optimum is achieved at stop loss insurance policies, in the second case the optimal insurance is a combination of stop loss and deductible policies. It is proved that the obtained results can be easily applied to problems with other optimization criteria: maximization of long-run utility and minimization of probability of a deviation from mean trajectory.