DEVELOPMENT OF RISK-FOCUSED BANKING MANAGEMENT TENDENCIES AND PERSPECTIVES

Abstract

The global financial crisis showed up the weakness in the management systems quality of national and international financial institutions, especially in Internal Control and Risk- management. At the last spring meetings International Monetary Fund and World Bank approved a number of measures to strengthen a structure of supervision, including the proposals of Financial Stability Forum (FSF). FSF encourages to enhance the banking supervision for capital and liquidity. At present time banking regulators implement the New Capital Adequacy Framework (Basel II). For credit institutions Basel II implementation is not only serious revision of organizations, principles and methods of risk-management and internal control, but change of attitude to them. Bank of Russia has already begun a preparatory works for implementation Basel II approaches. Therefore, to not appear before the fact of banking management reforming in deadlines, Russian banks must take steps on forming the management systems according to requirements of Basel Committee on Banking Supervision.financial crisis, banking management, risk-management, credit institutions.