Bank of Russia Updates Bank Resolution Mechanism To Increase its Control

Michael Khromov

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SSRN Electronic Journal

Article . 2017 . Peer-reviewed

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https://dx.doi.org/10.2139/ssr...

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Bank of Russia Updates Bank Resolution Mechanism To Increase its Control

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2017 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Michael Khromov;

doi: 10.2139/ssrn.3037510

Bank of Russia Updates Bank Resolution Mechanism To Increase its Control

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Abstract

The resolution of Bank Otkrytie FC will be the first case of applying a recently introduced new mechanism for the resolution of commercial banks. The mechanism enables the Bank of Russia to control more efficiently bank resolution costs and can tilt the balance between banking license revocation and solvency recovery in favour of the latter.

Related Organizations

Economic Policy Institute
United States
Gaidar Institute for Economic Policy
Russian Federation

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