Proportional regulation of the Russian banking system: legal fundamentals and development prospects

Introduction: currently the Russian banking system is in the reform process that determines the need for the scientific understanding of the effects of separating banks into banks with a general license and banks with a basic license. The aim of this work is to study the nature of the proportional regulation of the Russian banking system, wherefore, there are the following tasks: to consider the formation of the Russian banking system at the present stage, to investigate the transition to the proportional regulation of the banking system; to determine the development prospects of the Russian banking system because of the transition to the proportional regulation. The methodological framework for the research is both the general scientific and special legal methods of cognition. Results: the researched scientific approaches to studying the proportional regulation of the banking system allowed developing the author ’s viewpoint grounded in the work and determining the development prospects of the banking system in Russia. Conclusions: it is necessary to predict that using the proportional regulation of the banking system, as applied by the legislator, will inevitably lead to even greater strengthening of the role of big, system-forming banks and increasing the concentration of financial resources within a narrow circle of subjects of the banking sector. There increases the state’s influence on banking, which in turn indicates the need to strengthen the state responsibility for the errors in the decisions on developing and strengthening the banking system. Providing support to the systemically important banks at the expense of the budget funds, the state must prove the feasibility and effectiveness of such decisions.