Russian Federation
Russian Federation
The article examines financial supervision models in Russia in the context of modern challenges such as digitalization, the development of cryptocurrencies, sanctions pressure, and global economic crises. It analyzes the performance of the unified mega-regulator represented by the Bank of Russia and compares it with a sectoral regulatory approach. The study highlights the advantages and limitations of integrated financial supervision and its impact on the resilience of the financial system and its adaptability to new risks. The findings suggest the need for hybrid regulatory mechanisms and strengthened interagency cooperation. The results obtained can be used to improve public financial policy, develop regulatory solutions, and create a more flexible supervisory system that can ensure a balance between stability, competitiveness, and innovative market development in a rapidly changing digital environment.
financial supervision, mega-regulator, sectoral regulation, Bank of Russia, digitalization, cryptocurrencies, sanctions, financial stability
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