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The impact of regulatory requirements on systemically important banks: Global practices, evidence from Russia

Vol. 25, Iss. 5, MAY 2019

Received: 5 March 2019

Received in revised form: 19 March 2019

Accepted: 2 April 2019

Available online: 30 May 2019

Subject Heading: Banking

JEL Classification: F33, F34, F42, G21, G28

Pages: 1071–1085

Starodubtseva E.B. Financial University under Government of Russian Federation, Moscow, Russian Federation

Medvedeva M.B. Financial University under Government of Russian Federation, Moscow, Russian Federation

Markova O.M. Financial University under Government of Russian Federation, Moscow, Russian Federation

ORCID id: not available

Subject The research focuses on methodological principles and mechanisms for regulating systemically important banks in Russia and abroad through requirements set by the Basel III Committee and Financial Stability Board. The article also demonstrates the economic impact of the above banks on globally and nationally.
Objectives The research identifies issues of evaluating the role of the State and governmental policy in ensuring the predictability of risks, including those associated with systemically important banks, and eliminating their detrimental effects on the global banking system.
Methods Based on regulatory initiatives of Basel III, we analyze indicators that allow to identify systemically important banks by scale and specifics of their operations and extent to which they influence the economy.
Results Analyzing the case of foreign countries, we revealed the need to financially support too-big-to-fail banks with budgetary funds, issue-based resources of central banks, additional capitalization through the issue of federal loan bonds and national savings, provision of foreign currency liquidity on the repayment basis, compensation-based support and bail-in of banks to be recovered by converting their debt into preferred stocks with fixed return.
Conclusions and Relevance Reviewing regulatory activities for systemically important banks in Russia and abroad, we conclude that national regulators should set performance indicators of such banks in line with national economic distinctions and financial system.

Keywords: systemically important banks, risk assessment, loss absorbency, financial losses, Financial Stability Board, FSB, Bank of Russia


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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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August 2019