| | | | PROBLEMS OF MODERN ECONOMICS, N 4 (60), 2016 | | | | FINANCE AND CREDIT SYSTEM: BUDGET, CURRENCY AND CREDIT REGULATION OF ECONOMY, INVESTMENT RESOURCES | | | Kazansky Alexander V.
Chair of credit theory and financial management, Department of Economics, St. Petersburg State University, PhD (Economics)
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| | | The article analyses theoretical foundations for the creating of the commercial banks’ rating system, adopted within the international practice of Basel standards. The author describes both the simplest structures of internal ratings and the more complex mechanisms of rating evaluations, based on the default probability as well as qualitative and quantitative activity indices of the corporate client. Special attention is given to modifications of the systems of reserve classification for the possible loan losses and risk coefficients that impact the sufficiency of capital calculations (standard H1 of the Central Bank of the Russian Federation). The article also addresses the issue of transition to the system of internal ratings, connected with significant temporal and financial costs | | Key words: Basel standards, first-level capital, default risk, internal ratings, reserves for the possible loans-related losses, risk coefficients, stress-testing, credit risk, debt servicing coefficients, rating scale, preliminary validation, discrimination capacity of a model | | Pages: 127 - 131 |
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