The Russian banking sector : small but developing
Komulainen, Tuomas; Korhonen, Vesa (13.10.2004)
JulkaisusarjaBank of Finland. Financial Market Report
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201408075115
The Russian banking sector is large if measured by the number of banks but small if measured by the amount of banks' total assets. Notwithstanding the suspicions concern-ing money laundering that surfaced in late spring 2004, confidence in the Russian bank-ing system has been restored since the financial crisis of 1998. The reform of banking supervision and banking legislation are the key challenges facing the Russian banking system.