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Federal State-Funded Educational Institution of Higher Education

“FINANCIAL UNIVERSITY UNDER THE GOVERNMENT OF THE RUSSIAN FEDERATION”

(Financial university)Financial Facultyfinance Department Graduate qualification thesisthe topic: «Foreign banks in the Russian financial market»course: 080100 Economicsprofile: International finance Prepared by IFF 4-2 studentM.V.:A.S., Associate professor - 2015

ContentsIntroduction

Chapter 1. The legal and economic framework for the activities of foreign commercial banks in Russia

.1 The role and place of foreign commercial banks in the Russian banking system

.2 Legal regulation of the activities of foreign commercial banks

.3 Features of the Russian financial market

.4 The role and place of foreign banks in the credit and stock market 2. Operation and methods to reduce the risks associated with the activities of Raiffeisen in the financial market of the Russian Federation

.1 Position of Raiffeisen in the market of the Russian Federation

.2 Services of foreign banks in the financial market on the example of Raiffeisen

.3 Risks related to activity in financail marketof references

Introduction

bank financial market

With the development of market relations and the financial market in the last 10-15 years, national economies are becoming more open to foreign companies and, in particular, for a Foreign banks are looking for new markets. Banks with foreign capital operate in the non-domestic market for different purposes: the search for new markets, hedging risks in their own market and to attract additional capital. Expansion of activity leads to an increase of related risks, such as liquidity and the possible increase in the outflow of funds. Therefore, the degree of involvement of banks with foreign capital must be accompanied by the development of legislation in this area ie the constant improvement of the monitoring system, taking into account that the Russian specifics are not always happen in practice.relative openness of the Russian banking market makes it attractive for foreign capital investors, but this simplicity seems misleading, as banks are forced to deal with increased risks.research is due to the increased role of banks with foreign capital and their possible impact on the Russian economy as a whole. As the Russian consumer often assumes that the foreign bank is more reliable institution for investment funds, such a scenario is quite acceptable.: to analyze the activities and services of foreign banks and the consideration of approaches to managing the risks inherent to foreign banks operating in the domestic market.order to achieve the objectives of the study the following tasks:

) To analyze the theoretical approaches and the classification of banks with foreign capital;

) To study the regulations governing the activities of foreign commercial banks;

) To analyze the current activity of banks with foreign capital, for example, "Raiffeisenbank";

) To allocate and characterize the current bank services and their impact on the total loan portfolio of the bank;

) Describe the current practice of risk management in a foreign bank.object of study: the activities of commercial banks in the foreign domestic banking market.of research: the operation and services of banks with foreign capital and management of the risks associated with conducting business.theoretical basis for the study is the textbooks and manuals on banking and banking operations of various Russian authors - Ya.M.Mirkina, O.I.Lavrushina, S.L.Ermakova, A.M.Tavasieva, A.I.Balabanova, E.F.Zhukova, L.P.Krolivetskoy, G.N.Beloglazovoy and many others.sources of relevant statistics are open access materials on the Bank of Russia, "Raiffeisenbank" Portal «banki.ru». Also, as the information base used analytical data rating agency "Expert RA" and «Standard & Poors».accordance with the objectives of the study the structure of the work consists of two chapters. The first chapter analyzes carried out theoretical approaches to the concept and classification of foreign banks; formulated the concept of the bank with foreign capital, the conditions and reasons for creating the financial structure in the domestic market; studied regulations governing the implementation of the activities of banks with foreign capital; A classification and characterization of the identities of the Russian banking market.the second chapter done analysis of the structure and activities of foreign commercial banks, revealed the basic services; shows the characteristics of the risks faced by banks with foreign capital and highlighted methods of dealing with them. Chapter 1. The legal and economic framework for the activities of foreign commercial banks in Russia .1 The role and place of foreign commercial banks in the Russian banking system

the mid-1980s, the level of participation of foreign capital in the development of national banking systems were very limited. Despite the partial decrease of the ban on the movement of capital and an increase in foreign trade, many countries, both developing and industrialized, have continued to follow to the already traditional principle of protectionism.total number of restrictions on market access and national treatment, used in world trade in financial services in the mid-1990s - before the adoption of the agreements on the liberalization of financial services under the General Agreement on Trade in Services (GATS), exceeded 11 thousand. Of these, dominant part accounted for the banking services. Most countries impose legal restrictions on the activities of foreign banks in the territory., the shift toward internationalization of financial intermediation affected states with mature market economies. Then, for the next 15 years financial markets in many developing countries and countries with economies in transition began to open to external participants. In the first place, this phenomenon manifested itself in the expansion of foreign banks, reflected in an increase in their share of the assets and capital of national banking systems. Especially pronounced this tendency was observed in the Eastern European countries in transition to a market economy, and in Latin America. To a lesser extent this process affected countries in Asia and Africa.many ways, the process of trade liberalization and the provision of financial services on an international scale were associated with the formation of a new global trade and financial architecture. Regulatory agencies, opening access to foreign capital in the national market of banking services, guided by several considerations. Firstly, it was a desire to create favorable conditions for the inflow of foreign investments. Secondly, a willing to make an increase in the level of competition and encourage efficiency of doing business. Thirdly, the entry of foreign banks means import of advanced technologies, which is followed by a general institutional strengthening of the financial sector. Fourth, foreign banks could be regarded as one of the channels of inflows to other sectors, and their presence would be considered as one of the factors of economic growth.of foreign banks, coming into a new market, deserves special attention. The main essence for foreign banks to enter new markets is an opportunity to profit from operations in the local market. Integration between the economies of the countries of origin and the country - the object of investment is another point, which affects investors’ decision. Finally, the presence of foreign banks is largely dependent on the existing restrictions on market entry and conduct of operations., the main reason for presence of foreign banks in the world has become all the same opportunity to make a profit in the new market. The strategy of foreign banks in this case focused on the development prospects of the economy, GDP growth, inflation, capitalization of local companies. In general, as the GDP growth rate becomes more attractive, the greater will be the desire of foreign banks to exist in the local market. An additional factor in this case is a competitive environment in the local market. The interest of foreign banks will be higher than the less-developed and effective local banking system.experience has shown that a foreign market involves mainly large banks and this is due to several reasons. international banks, holding significant market share in the country of origin, looks for an opportunity for a risk diversification through the expansion of its activities in different countries;companies are customers of large banks.

As a result, banks, wishing to offer a wide range of services, forced to expand the scope of its activities and provide services where their customers look for it;

Found a business in another country requires a very substantial capital investment, especially if there is a high legislative strap on market entry in this country, and "economies of scale" in this case becomes essential;characteristic is that large banks yielding portfolio management operations also involve increasing the number of points of presence in foreign markets.of foreign banks, of course, is a serious risk to local banks. Decline in yield on operations makes it difficult to increase capital base for domestic banks, which in growing markets is rather weak. This can have a destabilizing effect on certain national financial system. Therefore, increasing the participation of foreign capital must be accompanied by improvement of the system of prudential supervision, in order to prevent rapid decline in the efficiency of the local institutions, which can not compete with multinational banks. In addition, possibility to increase the capital base and the impact on the profitability could be associated with an additional risk factor that can have its impact on the quality of the loan portfolio. This is due to the fact that the first-class domestic borrowers willing to apply more to cheaper resources provided by foreign banks., upon the occurrence of tough economic time, the presence of foreign banks may have a stabilizing or destabilizing effect. On the one hand, foreign banks, relied heavily on foreign resources, are more resistant to internal shocks. On the other hand, in the case of a threat of banking crisis there may be an option when investors consider foreign banks as a safe haven and begin a massive withdrawal of funds from local banks, making the position of national organizations even worse.for the impact of foreign banks on other sectors of the economy, there can be mentioned largely positive moments. Firstly, economic agents have access to a quality banking products. Secondly, increase in competition in the financial services sector means greater choice for borrowers and banks' customers, reducing the cost of cash management services. All this should have a positive impact on corporate and economic growth.the last 10-15 years under the influence of liberalization of capital movements and the globalization of financial markets, the situation has radically changed. Nowadays, most of the countries don’t set any barriers for entering the national system. However, the level of participation of credit institutions with foreign participation vary significantly depending on the configuration of the legislative, institutional and economic conditions in a given country. In this sense, the experience of each country's procedures for the approval of foreign banks and the degree of influence on the restructuring and modernization of the system of financial intermediation can not be same.is no exception. The feature of our country is that in the public mind was confirmed false impression that the Russian authorities prevent the inflow of foreign capital into the banking sector. In fact, the conditions and procedure for access of non-residents in the domestic banking system in many respects softer than in most other countries. In essence, Russia has acted and continues to act moderately liberal approach to the registration and licensing of credit institutions with foreign capital., there is only one unresolved fundamental issue, which concerns the inability to open branches of foreign banks in the Russian Federation, avoiding the creation of a subsidiary bank. The government and the Central Bank of the Russian Federation based on the fact that at the current stage of development of the banking sector establishment of branches of foreign banks, by passing institution subsidiary bank, should be considered premature. This concept comes through the idea that same level of competition should be provided for all credit organizations and to prevent the market of banking institutions with a negative business reputation. In all other points of the conditions of admission of non-residents in the Russian banking system fit into global licensing practices of banking activities and do not cause significant objections on the part of foreign investors.of October 1, 2009 on the territory of the Russian Federation acted more than 150 credit institutions with non-residents. In total in Russia at that date the number of credit institutions has reached more than 1300. Thus, foreign capital is present in the ownership structure of each tenth of the current bank. It is important to note that the majority of banks with foreign capital have been recognized by the Central Bank financially sustainable in the selection of banks in the deposit insurance system and have a license to take deposits from individuals.institutions with the participation of non-residents located in 30 regions of the Russian Federation, including 85 credit institutions (or 64.9% of the total) are located in Moscow.of banks with foreign participation are predominantly associated with Moscow. There are registered approximately 85 credit institutions, or 65% of the total. Concentration ratio of foreign capital also demonstrates the imbalance in the distribution of investments in the authorized capital of Moscow and other Russian regions. Thus, Moscow accounts for over 90% of the total foreign participation in the authorized capital of banks.major part of foreign investments in the Russian banking sector accounted for west European countries - 96.6%. The leaders in the size of investments are Germany, France, USA, Austria, the Netherlands and Turkey. The leading role of the German capital in the Russian banking system (25% of all foreign investments) reflects the status of Germany as a major economic partner of Russia.nature of the involvement of foreign capital in the Russian banking sector is quite diversified. First of all, the separation can be performed by size interests of non-residents in the authorized capital of the Bank:40 credit institutions authorized capital formed at the expense of


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