Russian bank tension up as reforms threaten region

RUSSIA - Tension is growing over rival long-delayed measures to reform Russia's banking system as government officials prepare recommendations scheduled to be put forward at the end of September.

In a letter last week to President Vladimir Putin, an association of regional banks warned that plans to introduce a three-tier system based on size, and to increase solvency ratios rapidly, would risk many banks losing their licences and threaten the stability of the country's regions.

The argument,

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