Regulatory measures against systemic risk in banking sector : the evidence for the Republic of Belarus

This paper discusses the framework of systemic risk assessment and monitoring in the Belarusian banking sector. It involves comparisons with similar approaches in Russia and Kazakhstan, showing that these countries are generally keen to adopt the tools proposed by the Basel Committee on Banking Supervision. As for the Republic of Belarus, standard risk management instruments so far have sufficed to prevent risk propagation, while the need for a proper legal definition and the demarcation of systemic risk is emphasized.