The impact of macroprudential regulation on the transaction banking development of the Russian commercial banks

The economic crisis became one of the key factors in the development of transaction banking as a certain scope of banking activities. It provoked the increase in non-repayable loans in the corporate sector, while the net fee and commission income of the Russian banking sector showed a stable growth (since 2014 by over 10 % annually). In this context, it is relevant to study and evaluate the current credit cycle in the domestic economy by analyzing the credit gap in a broad and narrow sense. In addition, it is worthwhile to determine the relationship of credit cycle phases with transaction banking of the Russian commercial banks in order to research and identify indicators of transaction banking.