Yes / This study proposes an optimisation-based “benefit-of-the-doubt” (BoD) methodological framework for developing a new multidimensional index of bank stability. The proposed index has the ability to serve as a potent policy tool that overcomes the downsides of accounting- and market-based measures of bank stability. This data-driven approach generates endogenous weights for aggregating bank stability indicators and dimensions. Further, we integrate the BoD framework with a metafrontier approach, which we call a “meta-BoD framework”. The final outcomes of the suggested framework go beyond a scalar measure of bank stability and provide the unique weighting matrix that offers valuable policy-relevant insights about the most precarious areas of stability that require the attention of management and regulators for both micro- and macro-level policy interventions. In addition, it draws insightful information about the instability gaps across heterogenous bank groups. The study presents an illustrative example of the proposed framework to obtain a bank stability index using the dataset of 76 Indian banks operating between 2014 and 2018. The bank stability index is made up of 14 financial ratio indicators covering five dimensions of stability: asset quality, management efficiency, capital adequacy, profitability and liquidity. The findings offer the detailed information required for comprehending the evolution of bank stability and assessing instability gaps across bank groups. / The full-text of this article will be released for public view at the end of the publisher embargo on 5 Jun 2024.

近年來，伴隨著俄羅斯經濟實力的提升，俄羅斯金融體系持續茁壯，並推動俄羅斯國內對金融安全需求的迅速增長。俄羅斯金融體系受政治影響極深，中央銀行缺乏獨立性。2007 年次貸風暴對俄羅斯經濟傷害甚鉅，2008年7雷曼兄弟宣布倒閉後，總計10個月內盧布貶值幅度高達52.5%，從MSCI股價指數波動率(equity VIX index)觀察美國、俄羅斯、日本及歐洲，顯示俄羅斯股市波動率最高，以2007 年的136.7 及2008 年的432.7 居冠。在金磚四國中，俄羅斯短期資金的流動性較高，股市波動率也較高。俄羅斯金融體系不良貸款比率高，易發生金融傳染危機，不良貸款比率高出其他國家4 到8 倍。 在金磚四國中，俄羅斯短期資金的流動性較高，股市波動率也較高。總體而言俄羅斯金融體系近年愈為穩健，俄羅斯的金融存款機構信任度在2008年~2010年有明顯提高趨勢，但存款機構內不良貸款比率仍偏高，同時俄羅斯金融體系易受國際金融傳染危機影響俄羅斯金融體系不良貸款比率高，易發生金融傳染危機，若能降低目前俄羅斯金融存款機構的壞帳比例及呆帳率，則俄羅斯的金融安全會更加穩固。 / In recent years, along with the upgrading of Russia's economic strength, Russia's financial system continued to thrive, the needs of financial security growth rapidly. Russia's financial system is deeply influenced by political power, and their central bank is lack of independence. Subprime crisis hurt the Russian economy hugely, in July 2008, after Lehman Brothers declared bankruptcy; ruble devalued 52.5% in 10 months. MSCI stock index volatility equity VIX index) for U.S., Russia, Japan and Europe, shows Russian stock market volatility rate was 432.7 and also the highest of all. In the BRIC, Russia presented higher short-term liquidity, and the stock market volatility. Overall, Russia's financial system is more robust and stable in recent years, from 2008 to 2010, the depository trust in Russian financial institutions increased significantly, while Russia's financial system is still vulnerable to the contagion of international financial crisis.

This diploma thesis comprises a theoretical, descriptive, comparative and econometric analysis of financial markets regulation in international context. In the first chapter I describe and analyse characteristics of modern financial markets, reasons for their regulation and institutional models of financial regulation and supervision. The second chapter offers an overview of the historical development of financial regulation and evaluates the role of regulatory factor in the outburst of the world financial crisis of 2008. In the third chapter I carry out a comparison of regulatory response to financial crisis in the USA and the EU. Forth chapter deals with regression analysis of the relation between Financial Soundness Indicators of three selected countries. The conclusions driven from this diploma thesis demonstrate that regulation is generally effective as a remedy for market failures, but in other aspects its effects are ambiguous. Intensity of regulation is a secondary impact factor in the formation of financial crises, in fact it is more reasonable to state that crises occur because of the failure of supervision rather than regulation. Due to the international attempts to harmonise the process of remediation of the consequences of the financial crisis, the regulatory response in the USA and the EU was very similar. Statistical analysis did not confirm the common idea that regulation represents a significant barrier for increasing the profitability of credit institutions.