Abstract:

Mortgage lending in its organized forms remains to be a relatively low-risk, and, consequently, attractive transaction for banks. In the banking system of the RF the share of mortgage loans with a fixed interest rate is growing, so it is relevant and important to discuss the topic of bank assets securitization as a tool to be used for managing bank risks and forming a balanced framework of assets and liabilities of Russian banks. At the same time, bank assets securitization today helps the financial sector to transfer to a new business-model and even to a new banking paradigm both in global banking processes and in their Russian segment as an integral part of the world economy.  Moreover, the global financial market accommodates new financial technologies and tools - blockchain, cryptocurrencies, artificial intelligence, cloud services, Big Data, etc., with the modern technological components in the banking sector making more and more impact on the transformation of banks into a certain value integrators in the digital space (in contrast to the traditional feature of banks aimed at redistributing temporarily free financial resources from donor clients to acceptor clients). This paper is aimed at analyzing the main aspects of the problems and prospects of blockchain technology introduced in the mechanism of mortgage assets securitization in the middle-term horizon of projecting and to evaluate the Russian experience in adapting blockchain technologies on the example of the Masterchain project.