CBR's 5 priorities in modernising banking system

RUSSIA - The Central Bank of Russia has determined five priorities that it will follow in modernizing the banking system, Andrei Kozlov, the bank's first deputy chairman, said at a round-table meeting on banking reforms Monday.

Interfax reported the priorities will include the creation of a deposit insurance system, conditions for the development of the banking business, strengthening banking supervision, and creating infrastructure to develop the financial and mortgage markets, he said.


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