Formation of legal base of Russian bank policy in the context of modernization transit at a boundary of the XX-XXI centuries

Article is devoted to the process of formation of the banking legislation of the Russian Federation in 1990 -the 2000th, value of this process in the context of formation in Russia of the financial market and general strategy of social and economic development of the country reveals. The article gives the characteristic of contents of strategic state programs of development of the banking sector and the major acts and normative documents of the Bank of Russia regulating activity of credit institutions, shows interaction of the state and business community of Russia in the course of formation of legal base of the banking sector. In the 1990th legal regulation of the banking sector was carried out in the conditions of social and economic transformation of the country that complicated process of formation and introduction in practice of a number of precepts of law of bank activity. Since the end of the 1990th the case of the banking legislation of Russia was intensively replenished with the rules of law stimulating expansion of a range of banking services and introduction of the latest bank technologies, the statement of the Russian credit institutions in the world financial market. Improvement of legal conditions of creation in the country of favorable investment climate, development of system of mortgage lending, bailout of a banking system and increase its qualitative standards has become the key directions of development of the Russian banking legislation. Respectively the role of the Bank of Russia in the sphere of megaregulation and control of activity of banks raised. The author comes to a conclusion that transition to consistent modernization of the banking legislation in the 2000th was an important component of increase in stability and competitiveness of the Russian banking system that has allowed it to work effectively in the conditions of the western countries financial sanctions against Russia in 2014-2016.