Nabiullina promises ‘profound’ structural change for Russian banking supervision
Current supervisory structure “insufficient” to solve Russia’s problems, governor says
Bank of Russia governor Elvira Nabiullina has promised "a profound rearrangement" of the bank's supervisory structure, announcing the departure of two senior executives and giving a more prominent role to another.
The current supervision system is "insufficient to solve the problems" of Russia's banking system, Nabiullina said in a statement on October 3. "Plans are afoot to centralise banking supervision," she said, transferring authority away from the central bank's regional branches to its
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