Money and Credit September issue is now available
The Money and Credit No. 9, 2016 issue covers the following topics:
Supervision of Banks Using Internal Ratings-Based Approach to Credit Risk Assessment. Bank of England Case Study
А.А. Stezhkin and Yu.А. Shatokhina, employees at the Department of Supervision over Systemically Important Credit Institutions of the Bank of Russia, review in detail this new opportunity for the Russian financial market – using internal ratings-based approach to credit risk assessment. The article provides analysis of one of the leading global banking supervision practices. As the authors believe, this practice may to a certain extent present a benchmark to arrange pragmatic and risk-based supervision over capital adequacy of the Russian systemically important banks.
Survey Results of Individuals Engaged in Cross-border Remittances through Payment Systems (Based on 2015 Data)
The Statistics Department of the Bank of Russia has analysed the findings of regular surveys on cross-border remittances provided by the Bank of Russia together with payment systems operators.
The surveys are voluntary and cover most regions of Russia. They demonstrate a significant growth of ruble contribution to cross-border remittances. Notably, the ruble share in the currency structure of remittance outflows is up by 11.5 percentage points to 67.6% in 2015 against the figure of the previous year. Besides, the proportion of the survey respondents who are recipients of money remittances in the Russian Federation is up from 21% in 2014 to 32.6% on average, according to the two surveys in 2015. In this connection, almost two thirds of the recipients are residents in the Russian Federation.
Government Commission for Debt Redemption
S.R. Moiseyev, Director of the Bank of Russia Financial Stability Department, suggests an insight into the pre-revolutionary history of the Russian finance. The author analyses typology and actual structure of the government debt of the Russian Empire in the 19th century by drawing a parallel between that time and how the government debt management system is organised today.
From the History of Russian Silver Token Coin: 1859–1867
So-called tsarist token coins (silver content of a coin is not more than 50%) are quite popular with the local collectors at present. A.V. Bugrov, head of section of educational and museum activity at the International Cooperation and Public Communications Department of the Bank of Russia, enthusiastically tells us a story of mintage and circulation of scarce coins.
