FEATURES ENSURING FINANCIAL CONTROL IN A COMMERCIAL BANK: RUSSIAN AND FOREIGN EXPERIENCE
Journal Title: The EUrASEANs: journal on global socio-economic dynamics - Year 2019, Vol 1, Issue 2
Abstract
Current global trends in financial management and in banking in particular are demonstrating a gradual shift in focus from remote external financial control over bank’s operations to more internal risk-oriented financial control. Against this background, there is a fundamental change in organization of financial control in commercial banks, associated with the implementation of international norms and standards as well as Russian Federation legislation compliance with these norms and standards. In the context of rapid development and changes of nearly all technologies, the impacts from real and potential threats to internal and external environments, internal financial banking control is becoming increasingly important in ensuring growth of banks’ financial performance. Thus, given the importance of the very institution of financial control in the banking sector for financial and economic stability of any state, the presence of problematic issues in this area necessitates further studies of the characteristics of financial control in a commercial bank stemming from the already accumulated Russian and foreign experience.
Authors and Affiliations
Tatiana Podolskaya, Mikhail Zhuravlev, Andrey Sidelnikov
Keywords
Related Articles
- EP ID EP659399
- DOI 10.35678/2539-5645.2(15).2019.40-49
- Views 106
- Downloads 0
BUSINESS DIGITALIZATION AS A FACTOR OF GOVERNANCE MODERNIZATION
Introduction The formation of globally competitive national economy, which is effectively adapted to the world economic trends, is based on the optimal ways of business, government and society interactions. It requires...
FACTORS AFFECTING QUALITY MANAGEMENT THROUGHOUT THE ORGANIZATION OF THE SUB-DISTRICT ADMINISTRATIVE ORGANIZATION
The goal of this research was to study about quality management format across sub-district administrative organization by interview using structured in-depth questionnaires format as a tool for collecting data from execu...
FOREIGN DIRECT INVESTMENTS UNDER IMPACT OF POLITICAL RISKS: THEORETICAL SURVEY
Beyond well-known economic indicators, political structure and social characteristics of a host country also have special importance for investors’ decisions. Political risk indicators cover mainly democratization level,...
OPTIMIZATION OF MARKETING INFORMATION SYSTEM FOR CLOTHING PRODUCTION IN BANDUNG CITY, INDONESIA
Introduction Development of businesses in Indonesia, especially when it comes to the clothing subsector, demonstrates the presence of extremely tight competition. This can be seen from the rise of various boutiques, fa...
KEY SUCCESS FACTORS FOR ENTREPRENEURS IN THE HEALTHCARE BUSINESS OF THAILAND
Introduction Nowadays the population structure of the world is changing, and the key trend is aging society. The United Nations states that any nation, which has a senior population share (those who are more than 60 yea...