THE MAIN TRENDS IN THE DEVELOPMENT OF THE BANKING SYSTEM OF THE RUSSIAN FEDERATION AT THE PRESENT STAGE

Author(s): Samorodov D.A.

Rubric: Content, problems and trends in the development of public law

DOI: 10.21777/2587-9472-2022-1-17-22

Release: 2022-1 (31)

Pages: 17-22

Keywords: banking system, credit institution, Bank, shares, authorized capital, capitalization

Annotation: The paper describes the peculiarities of the Russian banking system and analyzes the legislation on the banking system and ways of its possible improvement. The paper analyzes the evolution of legislation on the domestic banking system, constitutional norms on the banking system and the functions of the Central Bank of the Russian Federation, analyzes the concept of “federal bank”, features of the Russian banking system structure at the present stage. The process of recreating commercial banks in the USSR in the late 1980s is analyzed, the content of the norms of the current Constitution of the Russian Federation of December 12, 1993, affecting the legal status of the Bank of Russia, as well as the jurisdiction of the Russian Federation in matters of legal regulation of banking activities. The author concluded that there is a legal conflict between paragraph “g” of Art. 71 of the Constitution of the Russian Federation and the provisions of the Federal Law of 02.12.1990 No. 395-1 “On Banks and Banking”. Thus, a variant of its elimination was proposed by enshrining the definitions of the concept of “federal bank”, which is referred to in Art. 71 of the Constitution of the Russian Federation in the current legislation. Attempts to develop proposals for further improvement of the legislation on the banking system of the Russian Federation are undertaken in the paper.

Bibliography: Samorodov D.A. THE MAIN TRENDS IN THE DEVELOPMENT OF THE BANKING SYSTEM OF THE RUSSIAN FEDERATION AT THE PRESENT STAGE // Journal of Legal Sciences. – 2022. – № 1 (31). – С. 17-22. doi: 10.21777/2587-9472-2022-1-17-22