Practice of applying Basel II standards in Russia - problems and prospects
The standard of banking risks regulation Basel II has been introduced in all developed countries and in 2012 the process of transfer to the next stage - Basel 3 has been launched. Yet, many banks in Russia hasn’t introduced Basel 2 standards and some of them haven’t even transferred to the international financial statements system. The article considers problems and prospects of successful introduction of Basel 2 standards in the Russian banking system.