Bankruptcy in the banking sector

The purpose of this work is to determine the effectiveness of the influence of the Central Bank of the Russian Federation on the dynamics of the number of credit institutions. The paper analyzes the insolvency (bankruptcy) of credit organizations in the Russian Federation, reflects the dynamics of reduction of credit organizations in the period 2001-2018, separately considers the revocation of licenses of credit organizations in the period under review and in 2019, and also reflects internal and external causes of bankruptcy. Legal aspects and main ways to prevent bankruptcy in Russian legislation are considered.