Ignatyev sets priorities for central bank policy

RUSSIA - Central Bank CEO Sergei Ignatyev reported on new priorities for the Russian banking system on 24 April.

Banking supervision will be toughened as early as this year. A bill on bank deposit guarantees is also expected to pass into law by the end of this year. The Central Bank also favours revising principals for hard currency regulation and control as soon as possible. The bank will not, however, obstruct the advent of foreign banking capital on the Russian banking market.

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