01928cas a2200241 a 4500 AALejournalIMF016957 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475517323 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Russian Federation : Report on the Observance of Standards and Codes-Basel Core Principles for Effective Banking Supervision. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (36 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents an assessment of the level of implementation of Basel Core Principles for Effective Banking Supervision in Russian Federation. The legal framework currently in place provides the Central Bank of the Russian Federation (CBR) with necessary powers and responsibilities. The Russian licensing regime for banks appears exhaustive. The legal and regulatory framework provides CBR with a set of instruments and tools to ensure that the licensing process is sound. CBR also has the power to review, reject, and impose prudential conditions on any proposals to transfer significant ownership or controlling interests held directly or indirectly in existing banks to other parties. However, the legal regime for major acquisitions in Russia is found to be weak. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/232 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/232/002.2016.issue-232-en.xml IMF e-Library