Legal and organizational aspects of introducing ESG-standards in the Russian banking sector

Белоусов, А Л

doi:10.21202/2782-2923.2022.3.577-586

Cited by 4 publications

(1 citation statement)

References 23 publications

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“…In one of the first works on this topic, commissioned by the European Commission, Decleris [7] considers sustainable development both as a problem of economic growth without harming nature and as a need to restore the harmony of man and nature, violated by recent market relations, when material values were higher than intangible priorities. Multiple recent studies are focused on the legal aspects of sustainable development and on the formation of the sustainable development law as a separate branch of law [8][9][10][11][12] .…”

Section: Introductionmentioning

confidence: 99%

Legal framework for sustainable development and current global challenges

Ershov

2023

Sustain. Social. Dev.

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<p>The subject of the article is the formation of the legal framework for sustainable development in the context of modern global challenges. The subject of the legal framework is the social relations of sustainable development, which are regulated by separate branches of law, but in the aggregate form a separate branch of law. The legal foundations of sustainable development, formed under the influence of international cooperation processes, are currently exposed to new threats-illegitimate economic restrictions that call into question the previously stated goals of sustainable development. The purpose of the article is to review the current state and prospects for the development of the legal framework in the context of both traditional threats and new challenges caused by the external restrictions since 2014, and to assess the prospects for sustainable development in Russia. The main research method is the study of international and Russian scientific research literature, analytical and review materials from open sources using induction, deduction, analysis, synthesis and the method of analogies. In preparing the article, historical, statistical, system-structural and causal research methods were also used. It has been proved that the first year of the functioning of the national economy under the newly introduced sanctions in 2022 showed both their negative impact and a certain adaptive potential of the economic system and companies. The article is focused on the prerequisites for the formation, essence and subject of sustainable development law, as well as on methods of legal regulation and examples of legal mechanisms for incorporating sustainable development factors into business practices. The article raises the question of the legitimacy of unilateral economic sanctions from the point of view of international law. The article also assesses the impact of sanctions on the activities of companies and their commitment to the principles of sustainable development. The conclusion is made that business community considers the mechanisms of legal regulation of sustainable development as anti-crisis measures and considers those mechanisms to be expedient and justified in the long term to pursue a policy of maintaining a commitment to sustainable development and finding ways to overcome sanctions pressure.</p>

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Section: Introductionmentioning

confidence: 99%

Legal framework for sustainable development and current global challenges

Ershov

2023

Sustain. Social. Dev.

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Trends in the Legal Regulation of ESG Banking under Sanctions

Алексеева

2023

Вестник Университета имени О.Е. Кутафина (МГЮА)

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The sustainable Development agenda has long been a stable trend in the global economy. Russia has been included in this global theme for a long time. Legislation, regulations and recommendation documents were being developed in the country, special tools were being created, primarily in the banking sector. At the same time, the CODID-19 pandemic and the wave of sanctions pressure thatfollowed it raised the question of the expediency of further development of the ESG agenda in Russia. The article discusses the features of the legal regulation of ESG banking under the conditions of sanctions pressure. It is noted that the sustainable development agenda remains relevant in Russia, but is currently focused more on solving internal problems. The most important areas of ESG banking are: the development of universal terminology and a system of legal categories, taxonomy, ESG reporting, ratings, features of accounting for ESG factors in lending and financing procedures, as well as corporate governance and compliance control.Proposals are formulated to improve the regulatory and legal regulation of ESG banking in Russia.

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Issues of development of competitive relations in the Russian banking system

Белоусов

2023

RusJEL

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Objective: to study the features of building competitive relations in the Russian banking sector and to assess the prospects for the development of the system of competition protection regulation in this area.Methods: logical and structural analysis, system-functional approach, formal legal method.Results: the author reveals the essence and features of building competitive relations in the modern banking system of the Russian Federation. Based on the calculation of the Herﬁndahl–Hirschman index, the level of competitive relations in the banking industry is assessed. The key issues, positive and negative trends in the development of competition in the banking sector are identiﬁed. The existing approaches are investigated to the issue of the impact of competition in the banking sector on the stability of both credit institutions in particular and the entire ﬁnancial system as a whole. The inﬂuence of the regulatory mechanism on the state of competition in the banking sector is analyzed. Examples of foreign experience in regulating competitive relations in this ﬁeld are given. The ways of further development of regulatory approaches are formulated, which are aimed at ensuring the protection of competition in the banking system.Scientiﬁc novelty: it consists in the complex nature of the study of relations in competition protection in the banking sector.Practical signiﬁcance: it consists in the formation of a certain theoretical basis necessary both for studying the essence of competitive relations in the banking system and for developing proposals for adjusting regulatory policy in this area in the future.

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Legal and organizational aspects of introducing ESG-standards in the Russian banking sector

Cited by 4 publications

References 23 publications

Legal framework for sustainable development and current global challenges

Legal framework for sustainable development and current global challenges

Trends in the Legal Regulation of ESG Banking under Sanctions

Issues of development of competitive relations in the Russian banking system

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