Features of financial condition monitoring of Western European credit institutions parties of the Russian banking sector in crisis of sovereign debt

The article presents the author developed a system for monitoring the financial condition of the Western European banks in the crisis of sovereign debt, which is based on the introduction of new principles of analysis and expansion of analytical tools. Proposed classification scheme of exposure sovereign debt crisis on the financial position of Western European banks and their possible implications for the banking sector in the region. According to the author, the Russian credit organizations should take into account such effects. It is concluded that the use of Russian credit organizations, thoughtful tool for monitoring the financial condition of the Western European banks counterparties will substantially minimize the negative effects of sovereign debt crisis for the domestic banking system.