INTERNATIONAL ACTIVITY OF RUSSIAN BANKS IN THE ECONOMY INNOVATIVE DEVELOPMENT CONTEXT

Abstract

Russian banks must carry out their activities with due account of forthcoming Basel-3 international banking reform and in context with situation formed in the international financial and banking system. Russian banking system internationalization along with the task of perfection of its international activity demands that a complex of effective measures be taken to improve respective state regulatory mechanisms including adjustment of the participation of foreign capitals both in banking system and economy of Russian in conformity with the country’s interests. Financial and investment policies of the state should be oriented towards provision for invulnerability of Russian economy and support of its real sector.

Keywords

• international activity
• russian banks
• basel-3
• state regulatory mechanism
• foreign capital
• innovation
• modernization