01823cas a2200241 a 4500 AALejournalIMF017130 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475538410 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Russian Federation : Financial Sector Assessment Program: Detailed Assessment of Observance Basel Core Principles for Effective Banking Supervision (BCP). Washington, D.C. : International Monetary Fund, 2016. 1 online resource (257 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 evaluates observance of the Basel Core Principles for Effective Banking Supervision in the Russian Federation. The legal framework currently in place provides the Central Bank of Russia (CBR) with necessary powers and responsibilities. The CBR may authorize banks, conduct ongoing supervision, oversee compliance with laws, and undertake corrective action to address safety and soundness. Major new reforms increase many aspects of the CBR's duties and powers, although implementation has not yet been tested in all cases. The Russian licensing regime for banks appears exhaustive. However, the legal regime for major acquisitions was found to be weak. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/303 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/303/002.2016.issue-303-en.xml IMF e-Library