International criteria for the country’s banking system efficiency assessment
International criteria for the country’s banking system efficiency assessment

Summary/Abstract: Modern trends in banking require application of new approaches to the banking system assessment, revealing thebanking sector potential and the shocks caused by the system risks. Therefore, the problem of harmonization of national andinternational standards and criteria for banking system’s efficiency assessment is of great importance. In the article, Russia’sbanking system efficiency has been assessed by means of the methods of economic-statistical, structural-dynamic and ratioanalyses; and on the basis of this assessment recommendations on system efficiency improvements in terms of compliance withinternational standards have been proposed. It is concluded that transition of the Russian baking system to Basel III standards isessential in order to improve efficiency of the Russian banking and comply the requirements of national and international standards.

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