The Russia Banking Advisory Project
is a two-year program that targets medium-sized,
predominantly regional Russian-owned banks.
Project Goal: To improve capacity of Russian
banks in risk management and internal control
thereby contributing to a more overall stable banking
system in Russia.
To address this goal the Project will focus on
the following objectives:
Objective 1
The Project mainly focuses its activity on banks that
are known to IFC, however, the Project is open for
cooperation with other banks that meet pre-defined
selection criteria. The Project aims to assist these
banks to strengthen their internal control and risk
management systems, and to improve their capacity
in formulating coherent business strategies with
sound underlying capital management. This will be
occured through the provision of individual consultations.
Objective 2
The second objective of the Project focuses on raising
public awareness of risk management systems and
capital management planning. Series of seminars in
the regions of Russia complements the work with banks.
In addition the RBAP intends to publish some articles
and translate relevant topical best practice documents
from English into Russian for public dissemination.
Objective 3
The third component of the Project is to improve dialogue
between Bank of Russia (the main commercial banks
regulator) and the banking community. The main objective
of this dialogue is searching the ways of regulatory
framework in the area of risk management according
to the best international practice.
Current activities and key results:
1. Since September 2007, when the Project was launched,
it has developed toolkits on working with banks, and which
includes a two-phased approach (diagnostic and
implementation phase) methodology and
the Risk Management Operations Analysis Questionnaire.
2. A comprehensive diagnostic of the risk management
situation was completed at a Moscow-based, medium-sized bank and its implementation
was started in 2008 February. Work with other two banks has started.
3. Three seminars out of series of public seminars were
organized in Moscow at the Courtyard Marriott Hotel on
April 15, 2008 “Liquidity and Interest Rate Risk Management
in International Practice”, Yekaterinburg at the Park Inn
Yekaterinburg Hotel on June 20, 2008 “How can a medium
sized bank prepare for implementing Risk Management
based on International Practice? Focus on the Liquidity
and interest rate risk” and St. Petersburg at the Dostoevsky
Hotel on June 25, 2008 “Liquidity and Interest Rate Risk
Management in International Practice”. Around 200 participants attended the seminars.
4. Three articles were published during last year.
IFC Russia Banking Advisory Project is financed,
among others, by the Governments of Finland and
the Netherlands.
