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

Simona Heseková

doi:10.46282/blr.2017.1.2.80

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.

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