Building Trust : Developing the Russian Financial Sector

Building Trust : Developing the Russian Financial Sector

This book examines progress within Russia's financial sector and provides a road map for promoting dialogue on and implementing improvements. The book is intended to complement and support the joint strategic plan of Russia's government a...

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Bibliographic Details
Main Author:	World Bank
Other Authors:	Fuchs, Michael
Format:	Publication
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	FINANCIAL SECTOR REFORM LEGAL FRAMEWORK BANKING SYSTEMS BANK REGULATION BANK RESTRUCTURING CREDITORS SECURED TRANSACTIONS ENFORCEMENT POWERS INSOLVENCY DEPOSIT INSURANCE PRIVATIZATION BANK FINANCING COMMERCIAL CREDIT CAPITAL MARKETS SAVINGS LAW ENFORCEMENT DISCLOSURE LAWS & REGULATIONS BANK SUPERVISION ACCESS TO CREDIT RISK MANAGEMENT FINANCIAL INTERMEDIATION ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ADMINISTRATIVE ASPECTS ADMINISTRATIVE PROCESSES ALLOCATION OF RESOURCES ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSETS AUDITING BANK CAPITAL BANK FOR INTERNATIONAL SETTLEMENTS BANK LENDING BANK LIABILITIES BANK LICENSING BANK LIQUIDATION BANK MERGERS BANK PERFORMANCE BANKING CRISIS BANKING INDUSTRY BANKING LEGISLATION BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BANKRUPTCY PROCEEDINGS BANKS BENCHMARK BONDS BUDGET CONSTRAINTS CAPITAL FLIGHT CAPITAL REQUIREMENTS CENTRAL BANK CONSENSUS CONSOLIDATION CONTRACT ENFORCEMENT CORPORATE FINANCE CORPORATE GOVERNANCE CORPORATE INSOLVENCY DEBT DEPOSIT INSURANCE SCHEMES DEPOSITORS DEPOSITS DEVALUATION DEVELOPMENT BANKS DISCLOSURE ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC STABILITY EMERGING MARKETS ENABLING ENVIRONMENT ENACTMENT EXPORTS FEDERAL GOVERNMENT FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL REFORM FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL STRUCTURES FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL FISCAL BURDEN FOREIGN BANKS FOREIGN CREDIT FOREIGN ENTRY FOREIGN INVESTMENT GATT GDP GOVERNMENT AGENCIES GOVERNMENT AUTHORITIES GOVERNMENT BONDS GOVERNMENT OFFICIALS GOVERNMENT OWNERSHIP GROSS DOMESTIC PRODUCT GUIDELINES INSOLVENCY PROCEEDINGS INSOLVENCY SYSTEM INSOLVENCY SYSTEMS INSURED DEPOSITS INTERDEPENDENCE INTEREST RATE INTERNATIONAL ACCOUNTING STANDARDS JUDICIARY LACK OF TRANSPARENCY LEGAL PROTECTION LIQUIDATION LIQUIDATION OF BANKS LIQUIDITY M2 MACROECONOMIC STABILIZATION MATURITIES MINISTRY OF FINANCE NONPERFORMING LOANS OWNERSHIP STRUCTURE POCKET BANKS POLITICAL INSTABILITY PREFERENTIAL TREATMENT PRIVATE BANKS PROBLEM BANKS PRODUCTIVITY PROFITABILITY REGULATORY INFRASTRUCTURE REHABILITATION REPRESENTATIVES RESOURCE ALLOCATION SECURITIES SECURITIES MARKETS SHAREHOLDERS STATE BANKS STATE SUBSIDIES STATE-OWNED ENTERPRISES SUBSIDIARIES SUBSIDIARY TAX ARREARS TECHNICAL ASSISTANCE TRANSACTION COSTS TRANSITION ECONOMIES TRANSPARENCY VOLATILITY VULNERABILITY WORKING CAPITAL WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/2002/09/2034208/building-trust-developing-russian-financial-sector http://hdl.handle.net/10986/15225

Description
Summary:	This book examines progress within Russia's financial sector and provides a road map for promoting dialogue on and implementing improvements. The book is intended to complement and support the joint strategic plan of Russia's government and Central Bank for banking reform, a plan that includes many already-implemented legislative and regulatory efforts aimed at strengthening the Russian financial sector as a whole. The authors contend that any comprehensive strategy designed to enhance trust in Russian banking will need to focus on four major themes: 1) encouraging financial intermediation by improving the legal and accounting infrastructure for financial sector development; 2) improving the current structure and performance of the banking system; 3) improving the effectiveness of bank regulation, bank restructuring, and liquidation; and 4) enhancing enterprise access to finance.

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