Features Ensuring Financial Control in a Commercial Bank: Russian and Foreign Experience

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.

Non-Parametric approach to measuring the efficiency of banking sectors crediting agribusiness in ASEAN countries

“…Thus, the efficiency of ASEAN commercial banks in the period of 2013 -2017 is relatively low. This may be due to the existing many unsolved ASEAN commercial banks system after the crisis period of 2008-2012, which still had no significant recovery and development [24]. The research results are presented in Table 4, this results shows the average efficiency over the years of the banks in each ASEAN country as follows: Vietnamese banks in 2013 achieved an average of 0.345 after that increased sharply in 2014 to 0.641 and decreased to 0.530 in 2015, in 2016, 2017 remained at only 0.523 and 0.534.…”