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banks. Considering these risks, the ECB continues implementing accommodative monetary policy. At its June policy meeting, the ECB decided to cut the key refinancing rate

elaborating the country’s macroeconomic policies, because of the updating of primary reports, the appearance of namely, foreign trade policy, foreign exchange regulation and new

amid investors stronger risk appetite and the continued accommodative stance of monetary policy pursued by the world’s leading central banks. Historical and expected asset

BoJs policy has been quite successful. Japan will possibly be able to avoid additional stimulus measures in the near future. At its April policy meeting,

the set of instruments that may be used during the upcoming monetary policy tightening cycle. MAY 2014 Global risk review May 2014 Major events in

of the Russian Federation (Bank of Russia)’. OJSC Severinvestbank implemented high-risk lending policy and did not create loan loss provisions adequate to risks assumed. Besides,

of the Russian Federation (Bank of Russia)’. OJSC UNICORBANK implemented high-risk lending policy connected with placement of funds into low-quality assets. The creation of provisions

the Russian Federation (Bank of Russia)’. The credit institution implemented high-risk lending policy and did not create loan loss provisions adequate to risks assumed. The

in monetary policy of foreign central banks and the potential impact of those factors on national currency exchange rate dynamics, tax and tariff policy changes

elaborating the country’s macroeconomic policies, because of the updating of primary reports, the appearance of namely, foreign trade policy, foreign exchange regulation and new