OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed Moscow Industrial Bank risk management system quality rating A.rm, which means “High level of risk management”.

Among the main factors having a positive impact on the rating score the Agency highlighted availability of several collegial bodies, responsible for risk management, as well as liquidity risk and equity risk exposure stress-testing.

Negative influence on the rating is exerted by insufficient level of procedures regulation with regard to granting loan funds to parties associated with the bank, low level of bank's property interests protection upon insurance of its own property and loan securities, as well as not quite tough policy with regard to liquidity risks management during up to 30 days' term.

Expert RA was evaluated and certified as satisfying to ISO 9001:2008 demands in the following areas: assigning and actualizing expert assessments; analysis of markets and companies, survey activity; organization of business-forums, conferences and round tables. Rating methods were approved by leading international audit-consultation companies: PricewaterhouseCoopers, Deloitte. Procedural quality and information confidentiality principles are confirmed by Accenture.

Expert RA is accredited at the RF Ministry of Finance. The Agency ratings are included in the list of official requirements to banks, insurers, pension funds, issuers. Expert RA ratings have been officially recognized by FSFM, Central Bank of Russia, Vnesheconombank of Russia, MICEX-RTS, Mortgage Crediting Agency, Deposit Insurance Agency, professional associations and self-regulating organizations: VSS, Russia Association, Strategic Initiative Agency, RSA, NAPF, NLU, NSG, NFA, and hundreds of companies and agencies in the period of bids and tenders.

Expert RA and its employees received more than 80 diplomas, awards and thank-you notes, including Financial Elite award for transparency increase at the financial market, Pension Fund of Russia diploma for objective industry coverage, Time of Innovation award for popularization of innovation activity, Golden Salamander award for high analytical quality at the insurance market and many others.