| Document Type
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BL
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| Record Number
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1008700
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| Doc. No
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b763070
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| Title & Author
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Building Trust : : Developing the Russian Financial Sector.
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| Publication Statement
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Washington, DC :: World Bank,, 2002.
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| Page. NO
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1 online resource (xxi, 359 pages) :: illustrations
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| ISBN
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0585458243
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: 0821351613
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: 661008873X
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: 9780585458243
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: 9780821351611
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: 9786610088737
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| Notes
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"This book was produced by a World Bank team led by Michael Fuchs who planned, coordinated, and edited the book."
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| Bibliographies/Indexes
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Includes bibliographical references.
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| Contents
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Building Trust for Financial Sector Development: An Overview -- Trust, Financial Sector Development, and Growth -- Legal and Accounting Infrastructures -- The Banking System: Structure and Performance -- Regulation and Restructuring of Banks -- Improving Enterprise Financing -- Legal and Accounting Infrastructures -- Creditor Rights -- The Framework for Secured Transactions -- Enforcement Mechanisms -- Information Mechanisms -- Other Obstacles Related to the Use of Pledged Assets -- Creditor Rights: The International Experience -- Framework for Corporate Insolvency -- The Role and Function of Insolvency Systems in Market Economies -- Overview of Russian Corporate Insolvency Practice -- Legal Framework for Corporate Insolvency -- Implementation of the Insolvency Regime -- Assessment of Key Features of the Bankruptcy Regime -- Framework for Corporate Workouts and Restructurings -- Disclosure and Transparency -- Accounting Standards and Disclosure -- Auditing Standards and Disclosure -- Enforcement and Disclosure -- Recommendations -- Comparison of Russian and International Accounting and Auditing Standards -- The Banking System: Structure and Performance -- The Role of the Financial System -- The Importance of the Financial Sector for Economic Development -- The Key Role of Banking System Reform -- Size and Structure of the Russian Banking Sector -- Domination by State Banks -- Roles and Ownership Structure of the Banking Sector -- Analysis of Banking Practices -- Asset Structure and Quality -- The Structure of Bank Liabilities -- Schemes That Distort the Structure of Liabilities -- Assessing Bank Capital -- Profitability -- Reforming the Role of State Banks -- Influence of State-Owned Banks on Performance and Growth -- The Trend Away from State Banks -- State Banks in the Russian Federation -- The Role of Sberbank -- The Government's Management of Sberbank -- The Strategic Review of Sberbank -- Restructuring Sberbank -- Vneshtorgbank -- Vnesheconombank -- New Development Banks -- Reforming State Banks -- Encouraging Foreign Entry to the Banking Sector -- The Presence of Foreign Investment and Foreign Banks in Russia -- The Regulatory Environment for Foreign Investment in Banking -- The Survey and Opinions of the Foreign Bank Subsidiaries in Russia -- Future Plans -- Regulation and the Restructuring of Banks -- Building Trust through Effective Banking Supervision -- Improving the Enabling Environment -- Political Will -- Role of the Banking Sector -- Establishing the Role of Banking Supervision -- Improving Supervisory Effectiveness -- Does the Russian Federation Need Deposit Insurance? -- Deposit Insurance in Other Countries -- The Benefits and Risks of Deposit Insurance -- Introducing Deposit Insurance in Russia -- The Design of Deposit Insurance Schemes -- Leveling the Playing Field? -- Creating Trust through Incentives -- Bank Restructuring and Liquidation -- Legal Protection of Depositor Interests -- Depositor Preference -- Effective Resolution of Troubled Banks -- Restructuring of Banks in Bankruptcy Proceedings -- Compromise of Depositor Claims in Restructuring -- Judicial Bank Liquidation -- Administrative Aspects of Bank Liquidation -- ARCO -- Overview of ARCO's Operations -- ARCO's Experience in the Rehabilitation of Banks -- ARCO Deposit Insurance Scheme -- ARCO's Experience of the Bank Liquidation Process -- Privatization of ARCO Banks -- Enterprise Financing -- Enterprise Access to Financing -- Commercial Credit -- Bank Financing -- Veksels -- Leasing -- Other Financing Instruments -- Capital Market Development -- The Mass Privatization Program -- Reform of the Russian Banking and Payments System -- Developing the Government Debt Market -- Mobilizing Savings -- Improving Corporate Governance -- Legislative Initiatives -- Enforcement of the Law -- Capital Markets Supervision -- The Role of the Capital Markets Supervisor -- Transparency and Disclosure.
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| Abstract
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The financial sector in Russia has come a long way since the first years of transition. Key to developing a sound financial sector in a market economy is the process of building trust among the market participants. This text evaluates the recent developments within the financial system in Russia and provides a roadmap for implementation of priority movements. The goal of this book is to support a broader understanding and consensus on priority reform measures.
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| Subject
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Banks and banking-- Russia (Federation)
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Finance-- Russia (Federation)
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Banques-- Russie.
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Finances-- Russie.
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Banks and banking.
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Banques-- Russie.
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BUSINESS ECONOMICS-- Finance.
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Finance.
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Finances-- Russie.
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| Subject
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Kreditwesen
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Russia (Federation)
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Russland.
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| Dewey Classification
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332/.0947
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| LC Classification
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HG186.R8B76 2002
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| Added Entry
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Fuchs, Michael J., (Michael Joseph),1951-
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| Added Entry
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World Bank.
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