Mega-Regulation in Russia amid Financial Crisis: First Lessons Learned

In: Moscow University Economics Bulletin, Band 2015, Heft 4, S. 30-51

Abstract

The paper generalizes the beginnings of institutional design and development of financial mega-regulator in Russia within the challenging economic environment. Empirical background involves qualitative studies in the form of expert interviews with staff members of the Bank of Russia and with financial market stakeholders. We use expert assessments supported by our own desk research for analytical treatment of successes and potential institutional failures at the first steps of financial mega-regulation in Russia.