BANKING REGULATION AND SUPERVISION IN TRADITIONAL AND ISLAMIC FINANCE: COMPARATIVE ANALYSIS AND IMPLEMENTATION FEATURES
https://doi.org/10.26425/1816-4277-2020-6-144-151
Abstract
The content of banking regulation and supervision, its structural and functional elements and features of implementation in traditional and Islamic financial systems have been revealed. Special attention to the issues of evolution of international approaches to banking regulation has been paid. The main models and tools of prudential supervision of Islamic financial institutions-Islamic audit and Sharia financial supervision authority have been characterized. The main problems of implementation of international standards in the activities of organizations providing Islamic financial services, specific features and main directions of development of the system of regulation and supervision of Islamic banks in the context of harmonization of the Supervisory process of Islamic banks and international standards of banking supervision have been analysed.
About the Authors
T. Yu. Mazurina
State University of Management
Russian Federation
Candidate of Economic Sciences
Moscow
Russian Federation
Candidate of Economic Sciences
Moscow
Sh. S. Sharipov
State University of Management
Russian Federation
Russian Federation
Postgraduate student
Moscow
References
1. Federal'nyш zakon ot 10.07.2002 No. 86-FZ “O Tsentral'nom banke Rossiiskoi Federatsii (Banke Rossii)” [Federal law “On the Central Bank of the Russian Federation (Bank of Russia)” No. 86-FZ, dated on July 10, 2002]. Legal reference system “ConsultantPlus”. Available at: http://www.consultant.ru/document/cons_doc_LAW_37570/ (accessed 17.04.2020).
2. Postanovleniya i rekomendatsii Soveta islamskoi Akademii pravovedeniya (fikha) [Resolutions and recommendations of the Council of the Islamic Academy of law (fiqh)]. Per. s arab. M. F. Murtazin. Moscow, Ladomir, 2003. 129 p.
3. Abramov A. E., Radygin A. D., Chernova M. I. Regulirovanie finansovykh rynkov: modeli, evolyutsiya, effektivnost' [Financial market regulation: models, evolution, and efficiency]. Voprosy Ekonomiki, 2014, no. 2, pp. 33-49.
4. Amara M.I., Babenkova S.Yu. Pravovoe regulirovanie nadzornogo protsessa finansovykh institutov v arabskikh stranakh [Legal regulation of the supervisory process of financial institutions in Arab countries]. Sovremennoe pravo, 2017, no. 11, pp. 130-145.
5. Babenkova S.Yu. Prudentsial'nyi nadzor islamskikh bankov kak instrument khedzhirovaniya ot ekonomicheskikh krizisov [Prudential supervision of Islamic banks as a hedging tool against economic crises]. Putevoditel` predprinimatelya [Entrepreneur's Guide]. Moscow, Rossiiskaya akademiya predprinimatel`stva, 2017, Vypusk XXXV, pp. 38-46.
6. Mazurina T. Yu., Sharipov Sh. S. Ustoichivost', effektivnost' i finansovye riski islamskikh bankov v usloviyakh nestabil'nosti finansovoi sistemy [Stability, efficiency and financial risks of islamic banks in conditions of instability of financial system]. Upravlenie, 2019, vol. 7, no. 1, pp. 105-113.
7. Simanovskii A. Yu. Bankovskaya reforma: otdel'nye aspekty [Banking reform: some aspects]. Den`gi i kredit [Money and Finance], 2012, no. 8, pp. 6-10.
8. Usoskin V. M. Novaya sistema bankovskogo nadzora v Evropeiskom soyuze [New banking supervision system in the European Union]. Den’gi i kredit [Money and Finance], 2015, no. 3, pp. 22-25.
9. Chokaev B. V. Islamskie finansy: vozmozhnosti dlya rossiiskoi ekonomiki [Islamic finance: opportunities for the Russian economy]. Voprosy Ekonomiki [Economic issue], 2015, no. 6, pp. 106-127.
10. Bankovskii nadzor. Evropeiskii opyt i rossiiskaya praktika [Banking supervision. European experience and Russian practice]. Available at: http://www.cbr.ru/Queries/XsltBlock/File/15145?fileId=9496/ (accessed 08.04.2020).
Review
For citations:
Mazurina T.Yu., Sharipov Sh.S. BANKING REGULATION AND SUPERVISION IN TRADITIONAL AND ISLAMIC FINANCE: COMPARATIVE ANALYSIS AND IMPLEMENTATION FEATURES. Vestnik Universiteta. 2020;(6):144-151. (In Russ.) https://doi.org/10.26425/1816-4277-2020-6-144-151
Views:
674
Email this article 