Crisis Policy of the Bank of Russia in 2022: Measures, Risks, Aftereffects
The article contains the opinions of experts of the Department of World Financial Markets and Fintech of the Plekhanov Russian University of Economics on the anti-crisis policy of the Russian financial regulator in 2022. The prompt measures taken by the Bank of Russia to stabilize the situation in a...
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| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | Russian |
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Plekhanov Russian University of Economics
2023-07-01
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| Series: | Вестник Российского экономического университета имени Г. В. Плеханова |
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| Online Access: | https://vest.rea.ru/jour/article/view/1688 |
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| author | S. V. Frumina V. A. Galanov N. N. Natocheeva I. P. Khominich N. F. Chelukhina T. V. Belyanchikova M. A. Markov |
| author_facet | S. V. Frumina V. A. Galanov N. N. Natocheeva I. P. Khominich N. F. Chelukhina T. V. Belyanchikova M. A. Markov |
| author_sort | S. V. Frumina |
| collection | DOAJ |
| description | The article contains the opinions of experts of the Department of World Financial Markets and Fintech of the Plekhanov Russian University of Economics on the anti-crisis policy of the Russian financial regulator in 2022. The prompt measures taken by the Bank of Russia to stabilize the situation in all segments of the financial market – foreign exchange, credit, stock, exchange, insurance – had concrete positive results both for market participants and for clients of credit and non-credit organizations. The introduced restrictions on currency and payment transactions, measures of financial support for borrowers – small and medium-sized enterprises, individuals, anti-crisis tools of monetary policy, decisions of the regulator on restructuring credit debts of enterprises are considered. Emphasis is placed on regulatory easing for banks in order to mitigate their obligations to the regulator and maintain their resource base during the crisis, as well as structural changes in banks' foreign exchange portfolios in the direction of increasing the share of new currencies of friendly countries. An expert assessment of the key anti-crisis measures of the regulator is given and a number of recommendations are substantiated for adapting the Russian financial market, its subjects, and the regulator to the consequences of sanctions pressure and new challenges for future development. |
| format | Article |
| id | doaj-art-626a36329b2d4eaaabc24d8fdca02f09 |
| institution | DOAJ |
| issn | 2413-2829 2587-9251 |
| language | Russian |
| publishDate | 2023-07-01 |
| publisher | Plekhanov Russian University of Economics |
| record_format | Article |
| series | Вестник Российского экономического университета имени Г. В. Плеханова |
| spelling | doaj-art-626a36329b2d4eaaabc24d8fdca02f092025-08-20T03:20:09ZrusPlekhanov Russian University of EconomicsВестник Российского экономического университета имени Г. В. Плеханова2413-28292587-92512023-07-01049710710.21686/2413-2829-2023-3-97-1071117Crisis Policy of the Bank of Russia in 2022: Measures, Risks, AftereffectsS. V. Frumina0V. A. Galanov1N. N. Natocheeva2I. P. Khominich3N. F. Chelukhina4T. V. Belyanchikova5M. A. Markov6Plekhanov Russian University of EconomicsPlekhanov Russian University of EconomicsPlekhanov Russian University of EconomicsPlekhanov Russian University of EconomicsPlekhanov Russian University of EconomicsPlekhanov Russian University of EconomicsPlekhanov Russian University of EconomicsThe article contains the opinions of experts of the Department of World Financial Markets and Fintech of the Plekhanov Russian University of Economics on the anti-crisis policy of the Russian financial regulator in 2022. The prompt measures taken by the Bank of Russia to stabilize the situation in all segments of the financial market – foreign exchange, credit, stock, exchange, insurance – had concrete positive results both for market participants and for clients of credit and non-credit organizations. The introduced restrictions on currency and payment transactions, measures of financial support for borrowers – small and medium-sized enterprises, individuals, anti-crisis tools of monetary policy, decisions of the regulator on restructuring credit debts of enterprises are considered. Emphasis is placed on regulatory easing for banks in order to mitigate their obligations to the regulator and maintain their resource base during the crisis, as well as structural changes in banks' foreign exchange portfolios in the direction of increasing the share of new currencies of friendly countries. An expert assessment of the key anti-crisis measures of the regulator is given and a number of recommendations are substantiated for adapting the Russian financial market, its subjects, and the regulator to the consequences of sanctions pressure and new challenges for future development.https://vest.rea.ru/jour/article/view/1688financial regulatorfinancial marketcurrency riskssanctions crisisregulationsupervisionbanksnoncredit organizations |
| spellingShingle | S. V. Frumina V. A. Galanov N. N. Natocheeva I. P. Khominich N. F. Chelukhina T. V. Belyanchikova M. A. Markov Crisis Policy of the Bank of Russia in 2022: Measures, Risks, Aftereffects Вестник Российского экономического университета имени Г. В. Плеханова financial regulator financial market currency risks sanctions crisis regulation supervision banks noncredit organizations |
| title | Crisis Policy of the Bank of Russia in 2022: Measures, Risks, Aftereffects |
| title_full | Crisis Policy of the Bank of Russia in 2022: Measures, Risks, Aftereffects |
| title_fullStr | Crisis Policy of the Bank of Russia in 2022: Measures, Risks, Aftereffects |
| title_full_unstemmed | Crisis Policy of the Bank of Russia in 2022: Measures, Risks, Aftereffects |
| title_short | Crisis Policy of the Bank of Russia in 2022: Measures, Risks, Aftereffects |
| title_sort | crisis policy of the bank of russia in 2022 measures risks aftereffects |
| topic | financial regulator financial market currency risks sanctions crisis regulation supervision banks noncredit organizations |
| url | https://vest.rea.ru/jour/article/view/1688 |
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