FEATURES ENSURING FINANCIAL CONTROL IN A COMMERCIAL BANK: RUSSIAN AND FOREIGN EXPERIENCE

  • Tatiana Podolskaya Russia Presidential Academy of National Economy and Public Administration, South Russia institute of management, Rostov-on-Don
  • Mikhail Zhuravlev Russia Presidential Academy of National Economy and Public Administration, South Russia institute of management, Rostov-on-Don
  • Andrey Sidelnikov Russia Presidential Academy of National Economy and Public Administration, South Russia institute of management, Rostov-on-Don
Keywords: financial control; commercial bank; financial and economic stability; financial management

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.

Author Biographies

Tatiana Podolskaya, Russia Presidential Academy of National Economy and Public Administration, South Russia institute of management, Rostov-on-Don

is a candidate of economical sciences (since 2003); PhD – candidate  in Russia Presidential Academy of National Economy and Public Administration, Rostov-on-Don, Russia (since 2008) and  associate professor of department of international economy.

Her scientific interests are concentrated around international financial system, government and international regulation of global finance market.

Since 2005 she published more than 20 articles in Russian federal and international journals; participated more than 30 International scientific – practical conferences

Mikhail Zhuravlev, Russia Presidential Academy of National Economy and Public Administration, South Russia institute of management, Rostov-on-Don

Master of Department of International Economic Relations of South-Russian Institute of Management of Russian Presidential Academy of National Economy and Public Administration. His scientific interests include world and national economy, state administration, financial control, bank management. He completed an internship in international economic relations in Bratislava economy university. Also completed practice work in chamber of commerce, customs administration, city administration and in the largest Russian commercial bank.

Andrey Sidelnikov, Russia Presidential Academy of National Economy and Public Administration, South Russia institute of management, Rostov-on-Don

Candidate of Economic Sciences, Associate Professor of Department of International Economic Relations of South-Russian Institute of Management of Russian Presidential Academy of National Economy and Public Administration. His scientific interests include insurance, world and national economy, state administration. He completed practice work as a head of department in one of the largest Russian insurance company and regional administration

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Published
2019-03-31
How to Cite
Podolskaya, T., Zhuravlev, M., & Sidelnikov, A. (2019). FEATURES ENSURING FINANCIAL CONTROL IN A COMMERCIAL BANK: RUSSIAN AND FOREIGN EXPERIENCE. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (2(15), 40-49. Retrieved from https://euraseans.com/index.php/journal/article/view/133