Contradictory tendencies in banking systems of the Slovak Republic and the Russian Federation

Authors

  • Simona Heseková Comenius University in Bratislava, Faculty of Law

DOI:

https://doi.org/10.46282/blr.2017.1.2.80

Keywords:

banking system, the European Union, the Slovak Republic, the Russia Federation, foreign capital

Abstract

The paper analyzes the banking systems of the Slovak Republic under the influence of the European Union legislation and banking system of the Russian Federation from the perspective of opening the banking sector to foreign capital. A fundamental difference between the given legislations, which is reflected mainly in the recent period, lies in the degree of openness of the banking system to foreign capital. While the banking system of the Slovak Republic under the influence of the European Union law can be considered as highly open banking system to foreign capital, the legislation concerning the Russian banking system is characteristic by legal limitation for foreign capital entry. The analysis of these contradictory tendencies which have common goal – to ensure a stable banking system could bring important knowledge that may help in resolving the issue of stability of the banking system at the global level.

References

ANATOLEVNA, I.J. Roľ innostrannogo kapitala v razvitii nacionalňoj bankovskoj sistemy RF In: Elektonnyj nauchnyj zhrunal – Sovremennye problemy nauki i obrazovanija, 2014, available at <http://www.science-education.ru/ru/article/view?id=13938>.

CARNEY, M. The future of !nancial reform. Bank of England, Spechees and articles. 2014. available at < http://www.bankofengland.co.uk/publications/Documents/speeches/2014/speech775.pdf>.

ČUNDERLÍK, L. Financial Implications of Mandatory Contributions of Bank Entities in Times of Financial Crisis in the Context of Banking Union Anticipation. In: Legal and Economic Aspects of the Business in V4 Countries – Conference Proceedings, 2014, pp. 31–50.

JURČA, P., RYCHTÁRIK, Š. Slovenský bankový sektor z makroprudenciálnej perspektívy. In Biatec 2011, Vol. 5 no. 19. pp 2–8.

MARINIELLO, M., SAPIR, A., TERZI, A. The long road towards the European single market. Bruegel publications, 2015, available at <http://bruegel.org/2015/03/the-long-road-towards-the-european-single-market/>.

MARTINRZ-DIAZ, L. Banking Sector Opening: Policy Questions And Lessons For Developing Countries. Brookings. 2007. available at <https://www.brookings.edu/research/banking-sector-opening-policy-questions-and-lessonsfor-developing-countries/>.

MENDEL, J. Rozhovor s guvernérom NBS Jozefom Makúchom: Prípravy únie odhalili nové riziko. In: Hospodárske noviny, 2014, p. 3.

NOSKOVA, E. Sovet direktorov segodnja odobril pravitelstvennyj zakon, zapreshhajushhij otkryvat filialy inostrannych bankov v Rossii. In: Rossijskaja gazeta, 2013, available at <https://rg.ru/2013/03/18/filial.html>.

PENZEŠ, P.: Banková únia z pohľadu hostiteľského štátu. In Collection of the Papers from the international scholastic conference „Bratislava Legal Forum 2013”, 2013, p. 179-185.

POLOUČEK, S. Peniaze, banky, finančné trhy. Bratislava: Iura edition, 2010. SEREJEJEVICH, M.L. Bankovskaja sistema Rossii pri vstuplenii v VTO: problemy i perspektivy. In: Politematicheskij setevoj elektronnyj nauchnyj zhurnal Kubanskogo gosudarstvennogo agrarnogo universiteta, 2012.

SHESTAKOV, A.V. Bankovskaja sistema RF. Moscow: Mgiu, 2007.

VERON, N. Europe’ s radical banking union. Bruegel publications, 2015, available at <http://bruegel.org/2015/05/europes-radical-banking-union/>.

THE WORLD BANK IN THE RUSSIAN FEDERATION: Russia economic report, World Bank org., 2015, available at <http://www.worldbank.org/en/country/russia>

ZALOGIN, V.I. Bankovskoje pravo. Moscow: Wolters Kluwer, Moscow, 2010.

ZAVALNYJ, P. N., IGOREVIČ, R. I. Rol i mesto inostrannych bankov v bankovskoj sisteme Rossijskoj Federacii. In: Science forum, 2015, available at <http://www.scienceforum.ru/2015/pdf/10056.pdf>.

Downloads

Published

31-12-2017

How to Cite

Heseková, . S. (2017). Contradictory tendencies in banking systems of the Slovak Republic and the Russian Federation. Bratislava Law Review, 1(2), 108–118. https://doi.org/10.46282/blr.2017.1.2.80

Issue

Section

Articles

Categories