accrual quality) but not discretionary reporting choices (i.e., discretionary accrual quality). This finding is consistent …

This paper presents the Financial Sector Stability Assessment Update on the Russian Federation. Indicators of bank … soundness and performance are broadly favorable but credit risk poses a challenge over the medium term, and capitalization … should rise to support continued banking sector development. The system has weathered the global credit crunch that began in …

credit growth experienced by these countries. We find that, on average, both bank capitalization and lending activities in … Latin America increased after Basel. Consequently, Basel did not seem to lead to an overall credit decline. However, we do … Basel II might cause greater procyclicality of credit. …