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Phone: +7(495)772-95-90*22237
Email: wec@hse.ru

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School Head Igor A. Makarov
Academic Supervisor Leonid M. Grigoryev
Deputy Head Olga Klochko
Manager Olga Mulenko
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World Economy Section Petr Mozias
Section of Energy and Raw Material Market Valery A. Krukov
World Trade Section Alexey Portanskiy
Section of Global Economic Regulation Vladimir N. Zuev

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Book
Emerging Markets Decoded 2024

Zhuravlev A., Shuranova A., Vasenyova E. et al.

M.: SKOLKOVO Moscow School of Management, 2024.

Article
Key Trends in Negotiations and Agreements in the Digital Trade Area

Biryukova O. V.

International Organisations Research Journal. 2024. No. 4.

Book chapter
The Development of Assistive Technologies and Its Role Towards Successful Inclusion: The Case of Russia

Sinyavskaya O., Pishnyak A., Cherviakova A. A. et al.

In bk.: Inclusive education in the Russian Federation: Scoping International and Local Relevance. Springer, 2024. P. 139-167.

Working paper
What helps improve outcomes of industrial policy?

Yakovlev A. A., Freinkman L., Ershova N. V. et al.

QoG Working Paper Series. 2023:19. University of Gothenburg, 2023. No. 19.

Contacts

17/1 Malaya Ordynka Str., Moscow, 119017
Phone: +7(495)772-95-90*22237
Email: wec@hse.ru

Administration
School Head Igor A. Makarov
Academic Supervisor Leonid M. Grigoryev
Deputy Head Olga Klochko
Manager Olga Mulenko
Sections
World Economy Section Petr Mozias
Section of Energy and Raw Material Market Valery A. Krukov
World Trade Section Alexey Portanskiy
Section of Global Economic Regulation Vladimir N. Zuev

Partners

The EAEU’s institutional framework for banking regulation: Looking forward

Eduard Dzhagityan, Associate Professor of the School of World Economy, published an article titled: ‘Shaping the EAEU’s Institutional Framework for Banking Regulation: Perspectives and Risks’ (International Organisations Research Journal (Scopus database, Q3), 2019, Vol. 14, No 2).

The lack of perspectives for the global scale implementation of the Basel III standards triggered the convergence of the national banking regulation mechanisms towards their regionalization. This process aims at protection of the national banking sectors from systemic risks, as evidenced by a single supervisory mechanism in the Eurozone. As such, the integration process in the EAEU logically demands single financial market, which, in turn, requires a regional-level system of banking regulation and supervision. However, difference in the national regulatory mechanisms, on the one hand, and the lack of supranational regulatory authorities, on the other, may still stall the development of the supranational system of banking regulation. In this regard, the author proposes “mini-Basel III” as a single banking regulation mechanism for the EAEU, which would meet the objectives of the EAEU single financial market, the interests of the EAEU member states in the area of macro-financial management, and would become the methodological hub of the future EAEU regulatory mechanism.

As a result, “mini-Basel III” could help to resolve the regulatory trilemma among the opportunities, relevance, and perspectives of supranationalization in the EAEU financial realm. In order to adapt the “mini-Basel III” framework to the objectives of Eurasian integration, E. Dzhagityan substantiates alternative scenarios of the institutional structure of EAEU banking regulation, which may be called upon optimization of regulatory logistics and algorithms for convergence of the national regulatory mechanisms. Based on systematization of the advantages and risks of each of the proposed scenarios, the author came to the conclusion that currently there are no priority scenarios in the EAEU supranational regulatory architecture; nevertheless, the effectiveness of the EAEU banking regulation system will depend on the effectiveness of the proposed supranational body that would coordinate the process of regulatory convergence.