Russian Federation Financial Sector Assessment Program : Bank Resolution and Crisis Management Framework
The experiences of past financial crises have strengthened the Russian bank resolution framework. The resolution framework has been effective in preserving financial stability. The effectiveness of bank resolution could be improved. Introduction of the full range of resolution powers and safeguards...
| Main Authors: | , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/09/26803499/russian-federation-financial-sector-assessment-program-technical-note-bank-resolution-crisis-management-framework http://hdl.handle.net/10986/25264 |
| Summary: | The experiences of past financial crises have strengthened the Russian bank resolution
framework. The resolution framework has been effective in preserving financial stability. The effectiveness of bank resolution could be improved. Introduction of the full range of resolution powers and safeguards recommended by the
Financial Stability Board (FSB) Key Attributes (KAs) would improve the framework’s
effectiveness. Resolution measures should be taken without relying on the use of public funds. To ensure adequate bank capitalization, a comprehensive review of banks’ asset portfolios
and collateral valuations is warranted. |
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