Forming the foundation of banking supervision on post-soviet space

The article investigates theoretical foundations of the banking supervision. The authors research simultaneously history of establishing the banking system starting from the 17th century and finishing with the period, when CIS countries got independence. Periods of establishing the banking supervisi...

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Autores principales:	B. M. Dzhuraev, M. Kurbonalizoda
Formato:	article
Lenguaje:	RU
Publicado:	Plekhanov Russian University of Economics 2019
Materias:	finance control the central bank banking system basel agreements Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/29fb9d36b51e42d7adbc462834ed1003
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id	oai:doaj.org-article:29fb9d36b51e42d7adbc462834ed1003
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spelling	oai:doaj.org-article:29fb9d36b51e42d7adbc462834ed10032021-11-15T05:20:48ZForming the foundation of banking supervision on post-soviet space2413-28292587-925110.21686/2413-2829-2019-2-211-218https://doaj.org/article/29fb9d36b51e42d7adbc462834ed10032019-04-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/693https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251The article investigates theoretical foundations of the banking supervision. The authors research simultaneously history of establishing the banking system starting from the 17th century and finishing with the period, when CIS countries got independence. Periods of establishing the banking supervision on post-soviet space were analyzed. The essence of the banking supervision from the juridical and economic points of view was presented. The authors on the basis of existing literature analysis and taking into account the mentioned approaches and norms of effective legislation formulated the definition of the banking supervisionin conformity with the banking system of post-soviet countries: banking supervision is one of the key functions of the Central Bank connected with observation, response, control and regulation, including identification and correction of demands and minimization of the totality of banking risks in order to guarantee protection of creditors and depositors, security and stability of the banking system. The authors came to the conclusion that in spite of raising quality of the banking supervision in post-soviet countries in general, the gradual shift to the international standards of accounting (MSFO) and standards of risk assessment (Basel I, Basel II, Basel II.5 and Basel III) the main problem is still the vulnerability of supervision and regulation models that are capable of early response, timely threat identification and use of preventive measures.B. M. DzhuraevM. KurbonalizodaPlekhanov Russian University of Economicsarticlefinance controlthe central bankbanking systembasel agreementsEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 2, Pp 211-218 (2019)
institution	DOAJ
collection	DOAJ
language	RU
topic	finance control the central bank banking system basel agreements Economics as a science HB71-74
spellingShingle	finance control the central bank banking system basel agreements Economics as a science HB71-74 B. M. Dzhuraev M. Kurbonalizoda Forming the foundation of banking supervision on post-soviet space
description	The article investigates theoretical foundations of the banking supervision. The authors research simultaneously history of establishing the banking system starting from the 17th century and finishing with the period, when CIS countries got independence. Periods of establishing the banking supervision on post-soviet space were analyzed. The essence of the banking supervision from the juridical and economic points of view was presented. The authors on the basis of existing literature analysis and taking into account the mentioned approaches and norms of effective legislation formulated the definition of the banking supervisionin conformity with the banking system of post-soviet countries: banking supervision is one of the key functions of the Central Bank connected with observation, response, control and regulation, including identification and correction of demands and minimization of the totality of banking risks in order to guarantee protection of creditors and depositors, security and stability of the banking system. The authors came to the conclusion that in spite of raising quality of the banking supervision in post-soviet countries in general, the gradual shift to the international standards of accounting (MSFO) and standards of risk assessment (Basel I, Basel II, Basel II.5 and Basel III) the main problem is still the vulnerability of supervision and regulation models that are capable of early response, timely threat identification and use of preventive measures.
format	article
author	B. M. Dzhuraev M. Kurbonalizoda
author_facet	B. M. Dzhuraev M. Kurbonalizoda
author_sort	B. M. Dzhuraev
title	Forming the foundation of banking supervision on post-soviet space
title_short	Forming the foundation of banking supervision on post-soviet space
title_full	Forming the foundation of banking supervision on post-soviet space
title_fullStr	Forming the foundation of banking supervision on post-soviet space
title_full_unstemmed	Forming the foundation of banking supervision on post-soviet space
title_sort	forming the foundation of banking supervision on post-soviet space
publisher	Plekhanov Russian University of Economics
publishDate	2019
url	https://doaj.org/article/29fb9d36b51e42d7adbc462834ed1003
work_keys_str_mv	AT bmdzhuraev formingthefoundationofbankingsupervisiononpostsovietspace AT mkurbonalizoda formingthefoundationofbankingsupervisiononpostsovietspace
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Forming the foundation of banking supervision on post-soviet space

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