The interaction between monetary policy and financial stability is examined in the Research Paper as part of Block 5 of the Bank of Russia Monetary Policy Review. This paper looks at the Bank of Russia's experience in conducting monetary policy within the inflation targeting regime, both during the build-up and realization of systemic risks and in periods of subsequent economic recovery and financial system adaptation. The global experience in implementing monetary policy (dis)regarding to financial stability is briefly systematised, in addition, and other review material is presented.