Authors: Vladimir Ye. Leontiev, Dr. Sc. (Ec.), Prof. of Finance Dept., Saint-Petersburg State University of Economics (FINEC)

Svetlana G. Privalova, Cand. Sc. (Ec.), Associate­Prof. of Finance Dept., Saint-Petersburg State University of Economics (FINEC)

Tatyana D. Sikolenko, Cand Sc. (Ec.), Associate­Prof. of Financial Markets and Banking Dept., Urals State University of Economics

Viktoriya V. Vysotskaya, Postgraduate, Jr. Lecturer of Financial Markets and Banking Dept., Urals State University of Economics

Abstract: The article is devoted to one of the most topical problems of commercial banks activity – classification of banking risks. The authors consider the essence of banking risks and offer their own interpretation of this notion. Having systematized the existing classifications, the authors introduce their version in which “the nature of studying and managing the system” serves as a criterion for classification and all the risks are divided into two large groups.

Keywords: Commercial banks activity, risks, banking risks, classification