Russia needs unified supervisory rules -Motorin

According to Russia' deputy finance minister Mikhail Motorin, it is necessary to establish a supervisory system that would operate according to unified rules and control activities of the Federal Securities Commission, insurance companies, and private pension funds.

Igor Yurgens, President of the National Insurers Union, says that the unified control functions should be handed over to an independent federal body. This body would control not only the Federal Securities Commission, insurance com