| Description |
1 online resource (42 pages) : color illustrations |
| Series |
IMF Country Reports ; no. 16/307 |
|
IMF country report ; no. 16/307.
|
| Summary |
Financial stability oversight responsibilities are currently shared between the Central Bank of Russia (CBR) and a high-level inter-agency National Council on Ensuring Financial Stability (FSC). Given its role as the single financial regulator and supervisor since September 2013, CBR has naturally become a macroprudential authority. Following the creation of the Financial Stability Department in March 2011, CBR established an internal Financial Stability Committee (FSCom) in November 2014 to play a key coordinating role in macroprudential oversight, crisis management, and other financial stability issues, with policy decisions still being made by CBR's Board of Directors (CBR Board). The government created the FSC in July 2013 as an advisory body that can make recommendations on measures to restore financial stability based on an assessment of systemic risk. In February 2015, the FSC was strengthened and has served as an effective platform for inter-agency coordination. note presents the methodology and results of stress tests of the financial sector carried out as part of the 2016 Financial Sector Assessment Program (FSAP) for the Russian Federation. 1 To provide a comprehensive assessment of the banking system, the stress testing exercise comprised several different tests: a top-down stress test performed by the Central Bank of Russia (CBR), a bottom-up stress test performed by banks, a separate top-down exercise that included asset quality adjustments performed by staff, single-factor tests performed by CBR, and liquidity tests performed by CBR |
| Notes |
"Monetary and Capital Markets Department; This Technical Note was prepared by IMF staff in the context of the IMF Financial Sector Assessment Program (FSAP) mission in the Russian Federation, led by Karl Habermeier"--Page 2 of pdf |
|
"September 2016." |
| Bibliography |
Includes bibliographical references |
| Notes |
Description based on online resource; title from pdf title page (IMF website, viewed October 11, 2016) |
| Subject |
International Monetary Fund -- Russia (Federation)
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| SUBJECT |
International Monetary Fund fast |
| Subject |
Banks and banking -- State supervision -- Russia (Federation)
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Banks and banking, Central -- Russia (Federation)
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Financial risk management -- Russia (Federation)
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Fiscal policy -- Russia (Federation)
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Banks and banking -- State supervision
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Banks and banking, Central
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Financial risk management
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Fiscal policy
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Banking Sector.
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Financial Sector Assessment Program.
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Macroprudential Policy.
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Monetary Policy.
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Russia (Federation)
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Russian Federation.
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| Form |
Electronic book
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| Author |
Habermeier, Karl Friedrich, author.
|
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International Monetary Fund. Monetary and Capital Markets Department, issuing body.
|
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International Monetary Fund. issuing body.
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| ISBN |
1475538480 |
|
9781475538489 |
| ISSN |
1934-7685 |
|
