Scientific journal
Научное обозрение. Экономические науки
ISSN 2500-3410
ПИ №ФС77-57503

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INFLUENCE BASEL III ON THE BANKING SYSTEM RUSSIAN FEDERATION

Grin S.V. 1
1 Vyatka State University
The analysis of the prospects for the adoption of Basel III banking system of the Russian Federation. The Russian banking system is quite different from the banking systems of other countries, so the basic provisions of the Third Basel agreement will not be easy. Basel III is a comprehensive reform of the banking sector after the financial crisis of 2008, which is designed to increase the stability of the banking sector to potential crises, improve risk management in the banking system. Compared with Basel II , Basel III requires more stringent capital requirements of banks and liquidity levels, strengthening the supervisory process of risk management, increased disclosure requirements and market discipline, which should affect the stability of the financial system as a whole. The analysis reflects the positive and negative implications of the main provisions of the Basel Accord on the banking system of the Russian Federation.