Большой глобальный разговор о судьбах мира: очередной родосский форум «Диалог цивилизаций»
The particularities of American political system impede the progress of US climate change regime at the federal level. The only possible way to create the comprehensive system of climate change regulation in the USA is thereby the bottom-to-up scheme proceeding from the diverse green initiatives at the level of firms, communities and states.
The concept of “global governance” emerged as the focus of active scientific debates mainly after the studies of Willy Brandt and his colleagues from the UN Commission on global governance. This Commission was created to discuss possibilities for solution by joint efforts of such global problems as deterioration of environment, fight against poverty, infection diseases, etc. In 1995 the Commission prepared its Report “Our global neighborhood”. The Report justifies necessity of global governance by claiming that its development is an essential part of humans’ efforts towards rational organisation of life on Earth and this process will continue forever (Our Global Neighborhood...1995). The reason for creation of global governance arises from the conviction that humankind after the era of global wars and global confrontation has a unique opportunity for adoption of the “global civil ethics”, which should be founded on the package of fundamental values, uniting people of all cultural, political, religious and philosophic beliefs. Such governance should manifest democratic principles on every level and should be exercised according to the established legal norms, which should embrace everyone.
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.