Improved risk management practices in financial security system for commercial banks

Abstract

The article analyzed the State of the Russian economy and credit system classified Bank risks, methods of assessment and risk management as the basis of a system of financial security for the banking sector. Summarized the views of experts on the application of Bank of Russia implemented international standards for banking Basel III and a new approach to assessing Bank risks, aimed at ensuring the financial security of credit institutions Of The Russian Federation. This study made it possible to identify the advantages and disadvantages of Bank risk assessment methods used, including the IRB-based approach, which is based on an assessment of the adequacy of regulatory capital, calculated using internal ratings of borrowers that are installed by the banks. According to the authors, the introduction of the IRB approach in financial security risk management system in commercial banks will require great expenses on creation of uniform information base of borrowers, but it will track changes in their rankings and Accordingly more accurately assess the risks of lending.