Financial Journal

p. 16-25

Authors: Maxim A. Kotlyarov, Sergey R. Platonov, Inna N. Rycova

The article presents the results of research carried out by the Centre for Industrial Economics of the Financial Research Institute under the theme “Creating a set of measures to harmonize legislation and regulation of the financial markets of the Eurasian Economic Union in the banking, insurance sectors, market investment of pension funds as well as the securities market and stock trading”. International experience in the functioning of supranational regulators in the European Union is examined. The author gives recommendations for adaptation of experiences in the formation of the European Union legislation and supranational financial supervisory authority within the Eurasian Economic Union.

p. 35-42

Authors: Evgeny G. Anisimov, Vladimir E. Novikov, Sergey V. Shkodinsky

The scientific article actualizes the problem in estimate of the grey imports amount, the characteristics of various methods of this evaluation are given: the method of "mirror" statistics, the method of the domestic market analysis, expert method, summarization of their advantages and disadvantages. The authors present a set of tools for methods of "mirror" statistics and the analysis of the domestic market application. The article also provides a methodical approach to assessing the impact of grey imports on the revenues of the federal budget.

p. 55-62

Authors: Yuliya S. Evlakhova

In this article methodological approaches to identification of global systemically important financial institutions are analyzed. The common features and distinctions revealed in the work in methodologies of an assessment of such institutes make the contribution to development of researches of systemic risk in the financial market, namely: allow to define a circle of global systemically important financial institutions for regulation of their activity from the international and national regulators and to structure measures of regulatory impact on various types of financial institutions.

p. 75-82

Authors: Tatyana A. Malinina, Vladimir V. Gromov

The article concerns mainly the practical aspects of taxation of personal incomes from realization of assets acquired without compensation or at a price below market. Incomplete regulations in this area lead to a non-neutral taxation of such incomes, reduce the tax system efficiency. The analysis of the tax law and the established practice of its applying is carried out, the proposals for improvement of the tax law are made subsequent to the results.

p. 91-97

Authors: Tamara A. Belousova

The article provides an overview of current practices of insurance operations of export-import loans by public and private EU insurance companies. Strategies of promotion of insurance services for import and export credits, which are used in some European countries, are considered. The European experience of innovation in the process of maintenance and security risks of domestic exporters are encouraged to use.

p. 108-116

Authors: Yury V. Belousov, Olga I. Timofeeva

This article presents the results of the evaluation of the Russian Federal Subjects’ budgets transparency in 2014. This data was obtained on the basis of Russian Federal Subjects’ monitoring, and subsequently the Subjects were rated by the level of transparency of the budgetary data. It reveals the ranking of Federal Subjects based on the achieved level of transparency of the budget, with specific examples. The basic challenges to improve the transparency of the budget are illustrated and recommendations for improving the situation are given.