Approaches to the assessment of market risk based on Basel III

This article provides approaches to assessing the value of market risk based on standards issued by the Basel Committee on banking supervision. The characteristic features of market risk definition in the Russian practice are singled out and described, as well as the international experience on the market risk assessment, starting with Basel I. The article also notes that due to the new requirements of Basel III, related to the management of credit institutions market risk, the issues of formation of an effective risk management system are becoming more relevant.