Transcript PowerPoint 프레젠테이션

Deposit Insurance: Main Challenges
and Objectives for Russia
Yury Isaev
General Director
Deposit Insurance Agency
Russian Federation
Global Challenges
• Crisis consequences are not over yet
• Slow economic recovery
• Sovereign debt burden limits ability of governments
to support national banking systems
• Capital and liquidity shortage
• Financial conglomerates and SIFIs
• Shadow banking systems
• Incentives and remuneration
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IMF`s 2013 forecasts
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International Response
• G20 and FSB
– Growing role and capabilities
– Coordination of policies
– Financial regulation reform
• Core principles for effective deposit insurance systems
• Key attributes of effective resolution regimes for financial
institutions
– Peer Reviews
• Deposit insurance systems – February 2012
• Resolution regimes – April 2013
• Other standard setting bodies (BCBS, IADI, IAIS, IOSCO,
IASB, etc.)
• IMF, World Bank
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G20 Agenda for 2013 (Russian Presidency)(1)
Three-dimensional growth agenda for the G20 proposed
by the Russian Presidency
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G20 Agenda for 2013 (Russian Presidency) (2)
Strengthening Financial Regulation
• By the G20 Saint Petersburg Summit:
– FSB report on the progress towards ending "too-big-to-fail“
– development and monitoring of the "too-big-to-fail" regulatory
framework
– peer review of the FSB's recovery plans and cooperation
agreements for all global SIFIs
– implementation of identification principles and prudential
measures relating to domestic systemically important banks
(D-SIBs)
– adoption of policy recommendations to strengthen regulation
of the shadow banking sector
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Challenges for the Russian Federation
• Slow economic growth (2012 – 3.4%, 2013 forecast –
2.4%)
• High inflation pressure (6.0%)
• Capital outflow (2012 - US$56.8 billion)
• Price volatility for export goods
• Currency volatility
• Liquidity pressure
• Regulatory inconsistencies
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Inflation
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GDP Growth
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1
0
2010
2011
2012
2013
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(forecast)
Challenges for the Russian DIS
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High concentration of the banking sector
Rapid growth of bank deposits
Interest rate race
Low quality of bank financial reports
Late supervisory actions
Deposit insurance fraud
Insufficient market discipline
– Loans to affiliated parties
– Stripping of assets
– Improper incentives, etc.
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Prospects: DIS
• Expanding the scope of coverage
– Individual entrepreneurs
– Pensions
– SME
• Quick reimbursement of insured depositors
– P&A instead of payouts
– Early access to problem banks’ records
• Increase of the coverage level
– 1,000,000 rubles instead of 700,000 rubles
• Differential premiums
• Public awareness, financial literacy and financial inclusion
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Prospects: Resolution Powers and Responsibilities
• Permanent nature of the existing bank resolution law
• New resolution powers and tools
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Bridge banks
Bail-in
Asset purchase
Liability guarantees
• Investigation and challenging of actions that contributed to
bank losses that triggered bank resolution
– Liquidated banks
– Bailed-out banks
• Involvement in recovery and resolution planning, and
resolvability assessments
– Systemically important banks
– Other SIFIs
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The presentation is over.
Thank you!
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