Approaches to the Regulation of the Russian Financial System: Accounting for Risks due to the Unpredictability among International Financial Institutions

Currently, a steady need has emerged for the transformation of the Russian Central Bank’s role in solving strategic tasks related to the regulation of the Russian financial system while taking into account the risks of unpredictability among international financial institutions.

Aim. This study analyzes the impediments to the protection of the national financial system from the problems caused by the unpredictability among international financial institutions.

Results. The results of this study indicate that the structure of production in Russia needs to be changed in accordance with changes in the structure of the aggregate demand in order to allow manufacturers safe access to affordable financial resources for industrial investments. The study determines opportunities for increasing the stability of the financial sector, which is key to enhancing economic growth by funding investments in fixed capital and thus increasing production volumes and creating new jobs. Proposals for the implementation of credit policy are also formed, involving the attraction of various public, non-public, and cooperative specialized institutions that can fund investments in the priority industries at preferential rates on their own. 

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