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In this article the institutional environment of the banking system of the BRICS countries are analyzed. There is analysis of the key statistical characteristics of the banking sector, the main trends in its development. Also article reveals the characteristics of the external institutional environment. The purpose of our study is to test the following hypothesis: factors of the external institutional environment affect the banking system. The subject of the study is the BRICS countries banking system. The period ...

In the last 5 years the technological advances in the financial services markets brought about significant modifications in the jobs titles and structure. Digitalization and FinTech, Blockchain, General Data Protection Regulations are just a few of the primary causes of significant modifications all through the financial sector. Hence, this article analyzes the modifications concerning the new trends in the training, as competences and skills are becoming more valued than simple knowledge for employers. Talent man...

Insurance means protection against different kinds of risks with financial consequences. In frame of this protection, the insured transfers its risks, the possible negative consequences of which are unbearable to the insurer, i.e. to an insurance company. In order to compensate the insurer for such consequences, the insurance company collects the premium for the transfer of risk, the amount of which depends on the size of conventional damages, having a random character. The balance between premium written and prem...

The cluster approach as an instrument of consolidation of the existing advantages of economic entities is designed to solve several existing problems of the Russian economy. These are equalization of the existing imbalance of regional economic development, giving additional impetus to the development of the innovation sector, etc. The decision of the working group on the development of public-private partnership in the field of innovation at the Government Commission on high technologies and innovations of 22.02.2...