To date, the banking system is represented as a set of different banks and lending organizations.The most powerful features has a central state bank, he is engaged in the emission of money and lends the entire banking system, uses settlement and cash instruments, capital construction services, is engaged in foreign trade.The entire banking system, structure and function are regulated by the Central Bank of the Russian Federation.
credit and banking system of the Russian Federation
Banks are divided into business and equity, it allows you to create new economic mechanisms in the country.Organizes monetary circulation and serves customers in the Central Bank.He has a special position - it is a central Oran to all legal persons, which is engaged in business and management.It acted as a commercial bank, but profit is not the primary purpose of activities.No commercial bank does not have such resources.The main objective of the Central Bank is the embodiment of the state policy in the sphere of circulation, ensuring a stable purchasing power of money, regulation at the legislative level, and subsequently control of commercial banks.Acting on the liquidity of banks, the Central Bank regulates the macroeconomic proportions
This separation of functions allow the Central Bank of the Russian Federation to focus more attention on the regulation of note issue, supporting the stable operation of the banking system, to engage in monetary management of the entire economy, as well as lawmaking.
credit and banking system is quite functional, it includes all credit relationships and accumulates the currency of the country, later giving money in the form of loans.
To date, the credit system of the country consists of several units:
- banking sector;
- Central Bank;
- insurance sector;
- different specialized financial institutions.
Bank is a credit institution which has the right to accept deposits from individuals and legal entities with their subsequent placement on your own and return to the owner.The bank shall open and maintain bank accounts of individuals and legal entities.Money and the banking system is completely dependent on the Central Bank, followed by public and private banking institutions.They perform such functions:
- issuance of long-term and short-term loans, deposits engaged in commercial banks;
- placing debt and equity funds in the Central Bank engaged in commercial banks;
- mortgage loans provide long-term mortgage banks;
- pension funds provide pension,
- credit system are also involved in the credit society.
All credit and banking system depends primarily on the Central Bank, but with the help of commercial, investment, mortgage banks is adjusted cash flow, which helps the state to influence the macro-economy of the country as a whole.Banking and credit is extremely important for any country.
