IMF says Russian banking oversight adequate

The International Monetary Fund thinks the Central Bank of Russia's banking sector oversight is adequate, Poul Thomsen, head of the IMF's Moscow office, told a press conference at Interfax.

Thomsen said a stronger banking system and ensuring that banks observe prudential oversight requirements are a key task. The central bank is, by and large, coping with this task, he said.

The withdrawal of licenses held by some commercial banks is proof that the CB is coping with the task of strengthening t