Shvetsov Yury, Koreshkov Vladislav
The article describes the main challenges of the mortgage bonds market as an important source of refinancing mortgages. Preconditions of the development of collective securitization that provides access for small and medium-sized banks, mostly regional, to longterm financial resources of the capital market are identified. The definition of collective securitization is provided. The author disclosed the advantages of collective securitization as a factor in the development of mortgage-backed bonds market, and mortgage crediting market as a whole.
Surikov Konstantin, Myasnikova Marina
Binder Arkady, Kononov Artem
The article analyzes some aspects of the yuan’s transformation into the world currency. Special attention is paid to renminbi’s role in world trade transactions, to clarifying the prospective of renminbi being added to the central banks reserves portfolios, to analyzing the process of local currency swap agreements ratifications, to scrutinizing the renminbi denominated derivative and spot markets. The research indicates the upturn of the Chinese currency’s role in the world economy and global finances.
Ulyukaev Sergei, Sheriai Ksenia
The article reviews the activities of the Eurasian Development Bank and EurAsEC Anti-crisis Fund as the mechanisms that promote the integration of EurAsEC-countries by financing integration investment projects. It also indicates the possibility of using EU structural funds experience and the need to create the Eurasian regional financial center to enhance the integration of the region and to facilitate investment growth of the economies.
In the article the imbalance of the valid architecture of the financial market and the approach applied to its regulation is shown. The institutional uniting of various sectors of the financial market generates the need of an integrated approach to multidirectional participants of the market. In the article the offers for optimization of legislatively established institutional structure of the financial market for increase the efficiency of its functioning are made.
Pavshok Olga, Sosyurko Vladimir
Журнал продолжает публикацию словарных статей, подготовленных сотрудниками Департамента финансовой стабильности Банка России. В данном номере представлены статьи раздела «Взаимодействие макропруденциального и денежно-кредитного анализа».
The article deals with current issues of application of Article 9 of the Federal Law of 27.06.2011 № 161-FZ "About the national payment system" in line with the analysis of the recommendations of the Bank of Russia and the civil law, including the European experience. The author offers a variety of approaches to implement the requirements of lending institutions to notify the client about the fulfillment of each transaction with the use of electronic means of payment.