Russian central banking project near completion

A two-year training project in the area of banking supervision in Russia, financed by the European Union, is coming to an end, the European Central Bank announced on Thursday 13 October.

The TACIS project "Central Bank Training III", which started on 1 November 2003, was intended to help the Bank of Russia enhance its capacity in the field of banking supervision by transferring knowledge relating to sound practices employed by EU banking supervisors. The wider objective has been to foster the