Improvement of Statistical Financial and Credit Relationships Based on Methods of International Standards Principles of Financial Reporting in the Russian Federation

Grinkevich Larisa Sergeyevna, Teploukhov V. V.

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One of the most significant factors of conservation and quality improvement in Banking System of the Russian Federation is an existence of statistics of financial and credit relationships, which corresponds to present economic terms and requirements in international practice. Current reporting needs to be totally changed due to the redundancy on the one hand and lack of several important evaluative indexes on the other hand. It must be organized with consideration of growth of supervision efficiency of Bank of Russia and efficiency of other commercial banks in general. It is recommended to build the new system of statistical indexes of credit institutions on the base of methods of International Standards Principles of Financial Reporting, which will lead to reduction of amount of statistical supervision forms, improvement of information types, their composition and period of their presentation.

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Issue: 5, 2005

Series of issue: Humanities (Economics)

Rubric: Economics

Pages: 16 — 19

Downloads: 904