17/1 Malaya Ordynka Str., Moscow, 119017
Leonid M. Grigoryev
Natalia V. Supyan
World Economy Section
Section of Energy and Raw Material Market
Valery A. Krukov
World Trade Section
Alexey Pavlovich Portanskiy
Section of Global Economic Regulation
Vladimir N. Zuev
Cingula M., Radovanovic S., Damnjanovic A. et al.
Varazdin Development and Entrepreneurship Agency, 2018.
Dzhagityan E. P.
International Organisations Research Journal. 2019. No. 2.
In bk.: XX Апрельская международная научная конференция по проблемам развития экономики и общества. 9–12. апреля 2019. M.: Higher School of Economics Publishing House, 2019.
Stepanov I. A., Albrecht J.
Economics. EC. Высшая школа экономики, 2019. No. 211.
The processes of Eurasian regional consolidation and the development of the regional economic mechanism and cooperation imply the mainstreaming of the EAEU (Eurasian Economic Union) member state banks in the integration processes. However, strengthening their integration potential as a factor of financial stability will largely depend on consistency and soundness of the regional model of banking regulation within the ‘mini-Basel III’ concept based on the Basel principles of effective banking supervision along with Basel III prudential standards. Heterogeneity of national regulatory regimes, protectionism-centered regulatory policies, and lack of authority to be duly empowered to coordinate the process of regulatory regionalization do inhibit the development of the Eurasian regulatory mechanism. Dr Dzhagityan concludes that alignment of the national banking regulation mechanisms in the framework of Basel III sweeping regulatory overhaul is the only approach to minimization of systemic risks and ensuring financial stability in the EAEU during the observable time horizon. The author also proposes actions and steps that will optimize the alignment of the EAEU national regulatory regimes.