Analysis of the transformation of the Russian banking system

Abstract

The paper analyzes the development of the modern Russian banking system in the conditions of the trend of digital transformation. The aim of the work was to analyze the rehabilitation policy of the Central Bank in the field of banking sector regulation. The working hypothesis was that the reorganization of the financial system leads to an increase in monopolistic trends in the banking sector, while solving the key problems of the Russian banking system: a more objective reflection of problem assets in the balance of the banking system is achieved; the economic role of the “schematic” capital formation of the Russian banking system is declining, with the simultaneous growth of state ownership in the Russian banking system; a business model based on private business lending to its owners becomes inefficient. The paper conducts a qualitative and quantitative analysis of the development of the modern Russian banking system. A critical model of the activity of the Central Bank has been proposed, which allows a system analysis of the development of the Russian banking system at the transformation stage. The study clearly showed that monopolization of the banking sector leads to a decrease in the riskiness of the market strategy of individual banks, however, there is an increase in the probability of systemic shocks of the banking system as a whole.