Regulation of risks in banking is driven by evolution of financial intermediation and markets, and vice versa. The study analyzes a changing nature of financial institutions' regulatory and supervisory trends in emerging markets over last 20 years, providing outlook for the future. Although the...

Over the last 10 years, Russia has faced many external and internal challenges. Using the Financial Stress Index for Russia (the ACRA FSI), which indicates the proximity of the Russian financial system to crisis and its reaction to different events, I show that shocks in the Russian financial...

Comparison of trends and peculiarities of financial systems in different countries, especially, in emerging markets, should start with setting the global context. The study identifies several periods of development of world financial institutions in the twenty-first century - deregulation...

Ratings in emerging markets can serve as part of the early warning systems to reflect the weak signals of potential risks to the entity from the environment. Emerging markets have specific features that rating agencies usually consider in judgments of their credit ratings. They are underpinned...

Models for assessing the probability of default play an important role in the risk management systems of commercial banks, as they allow assessing the creditworthiness of various counterparties and transactions. Many Russian banks are trying to switch to an advanced approach based on internal...

This paper presents an overview of the main models for predicting bankruptcies of companies and considers the classification of existing approaches. Examples of using algorithms such as logistic models, classification trees, random forests, and artificial neural networks are highlighted....