Foreign practice of the financial innovations: the possibility of their use by Russian banks with the state participation

The conclusion about the possibility of their use by banks with the state participation is based on the study of some financial innovations. The expansion of securitization in Russia is possible by the infrastructure development of the secondary mortgage market inside the country due to the attraction, the investment, insurance companies and the state funds. Credit derivatives as financial innovation in the Russian banking system can also be used in mortgage lending, under the conditions of the standardization of such contracts, the existence of rules, which operate in the exchange market with respect to the professional participants. The adoption of financial innovations will allow Russian banks to be given renewed momentum from accumulated foreign experience taking into account the special features of post-crisis stage of the development of the national economy.

bank, banking system, mortgage, financial futures, options, banks with the state participation, securitization, credit derivatives, derivative financial tools, financial innovations