– Banks are financial institutions that accumulate free funds and provide them for temporary use to borrowers on a reimbursable basis. The goal of banks is to attract the maximum amount of funds from investors and place them to borrowers with minimum risk and maximum margin.
– Borrowers are legal entities and individuals who raise funds from banks. The purpose of borrowers is to attract the required amount of funds for personal funds or business purposes for the required period and at a minimum interest.
– The state is the credit market regulator, which controls (through the Central Bank of the Russian Federation) financial intermediaries and manages the money supply and interest rates, as well as the Deposit Insurance Agency (DIA), which implements a special state program “On insurance of deposits in banks of the Russian Federation” .
The tasks of the Central Bank  include the development and strengthening of the country’s banking system, as well as the development and maintenance of financial market stability. The main risks of the banking system include
– liquidity risk,
2154 COMPARISON OF BANKING AND PEER-TO-PEER LENDING RISKS
– credit risk,
– bank capital adequacy risk.
The Central Bank of the Russian Federation applies various criteria to assess the listed risks and control the reliability of the banking system as a whole and each bank separately. These include the system of mandatory standards of commercial banks , ratings of banks, dynamics of overdue loans, etc.