Ministry of Finance of the Russian Federation argued about Central bank Russian Federation (Bank Russia) on credit risk

Ministry of Finance of the Russian Federation opposed idea Central bank Russian Federation (Bank Russia) on transition to the new standardized approach to an assessment of credit risk. In the ministry insist on introduction of the scheme recommended by Basel committee on bank supervision and leaning on an assessment of borrowers not by banks, and rating agencies. Experts agree that the second approach more reflects interests of economy, but its introduction is hardly possible in the short term...