Banks independently assess the risks

To date, Russian credit organizations only use the simplified methods for evaluating credit risk, but soon things can change. On the eve of the Bank of Russia announced the terms under which will be introduced advanced approach of Basel II, reports Kommersant. Thus, IRB-approach involves self-assessment of banks' credit risks. Method is based on a system of internal ratings, which are calculated based on complex mathematical and statistical models. Each borrower is assigned a rating, which can determine the degree of riskiness. The new method allows us to reduce capital requirements for banks, say experts, as well as prevent potential loss of financial institution. In their view, the first interest will show, most likely subsidiaries of foreign banks operating in Russia, and large banks with state participation. Meanwhile, the Central Bank promises, forced transfer of banks to the new system will not. True, in any case all comers have to wait. Using an advanced approach to oversight is scheduled only in 2015.