According to recent empirical studies, the new regulatory proposals concerning capital and liquidity standards as well as monitoring of global systemically important financial institutions may lead in a decline of the annual growth rates of GDP due to increase in lending rates and reduction of lending activities of commercial banks. At the same time, some studies show that the new measures may stimulate stability of financial system and help to reduce the probability of banking crises. This paper reviews the results of empirical studies on potential influence of new Basel III standards on functioning of the banking system, economic growth and financial stability.
In July 2013. Basel Committee on Banking Supervision published a new version of the document concerning the identification and regulation of systemically important financial institutions. In this paper modified version of the Basel Committee’s method is proposed, taking into account the features of the banking sector in Russia and approbation of the proposed method on official statements of the largest Russian banks.