Russia
Rouble to fall as cb's overnight deposit rate cut
RUSSIA - Despite the theme of continuity in exchange rate policy which was emphasized when Sergei Ignatyev took over as head of the Central Bank of Russia in place of Viktor Gerashchenko earlier this year, the bank has subsequently made moves which imply…
Russia to crack down on bank supervision
RUSSIA - The Central Bank of Russia has vowed to put harsh new measures in place to crack down on supervision over Russia's banks. This move by the central bank, which has recently overhauled its leadership, may cause a large number of banks to shut down.
Law passed on Russian cb to weaken banking system
RUSSIA - The Russian State Duma has approved a revised version of the bill on the Central Bank of Russia (CBR). This decision will weaken the entire banking system according to finance minister Alexei Kudrin, since it does not allow the CBR to implement…
Ignatyev: Enough reserves to defend ruble
RUSSIA - The Central Bank warned the market Thursday that it would not hesitate to dip into its growing pile of dollars to prevent any serious fall in the ruble and keep prices in check.
Russia's forex reserves hit record 40bn dollars
RUSSIA - Russia's gold and hard currency reserves have broken a new record. The Central Bank of Russia's department of external and public relations announced on Thursday 16 May that they stood at 40bn dollars as of 10 May.
Bank law compromise seen in Russia
RUSSIA - The State Duma and the government have narrowed differences over a bill to curtail the powers of the Central Bank, Deputy Prime Minister Alexei Kudrin said Monday.
Central bankers testify in Russian loans trial
RUSSIA - Tatyana Paramonova, first deputy chairman of the Central Bank of Russia, and former Central Bank Chairman Viktor Gerashchenko had to appear in an unaccustomed role as witnesses at Moscow's Zamoskvoretskiy Court in a criminal case concerning…
Interview with Russian central bank First Deputy
FEATURE - Interview with central bank first deputy chairman Oleg Vyugin with Vesti RTR News Program, 23 April.
Central banker may become road sweeper in Russia
RUSSIA - After more than a decade running the Russian Central Bank, Viktor Gerashchenko says he'll try his hand as a street sweeper if his pension payments don't come through soon.
Duma votes for second reading on c bank law
RUSSIA - The Russian State Duma at its Friday plenary meeting voted unanimously (with 366 votes) to return amendments to the law on the Central Bank for a second reading.
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.
Russian Duma confirms new c bank deputy chairmen
RUSSIA - Russia's lower house of parliament confirmed central bank deputy chairmen Oleg Vyugin and Andrei Kozlov, two state finance veterans, to the board of the central bank on Wednesday.
Russia issues world cup commemorative coins
RUSSIA - The Central Bank 5 May will introduce commemorative gold and silver coins in denominations of 3 and 50 rubles to commemorate this summer's World Cup football (soccer) finals in Japan and South Korea.
Key Duma committees back three for CBR board
RUSSIA - The Duma Banking and Budget Committees supported Wednesday the candidacies of Oleg Vyugin, Andrei Kozlov and Nadezha Ivanova for the Central Bank of Russia (CBR) Board of Directors.
Ignatyev to submit nominees for central bank board
RUSSIA - Chairman of the Central Bank of Russia, Sergei Ignatyev, plans to submit three candidates for the CBR board of directors to the State Duma, lower house of parliament, in the next few days, a Duma source said on Tuesday.
Russian c bank dep head tipped for new appointment
RUSSIA - Russian Central Bank first deputy chairperson Tatyana Paramonova may become head of Sberbank [Russian Savings Bank], the Gazeta paper says in today's issue.
Russian gov't seeks central bank draft law changes
RUSSIA - The Russian government will press for a revision of a number of amendments to the draft law on the Central Bank the State Duma (lower house) proposed Friday, Deputy Prime Minister and Finance Minister Aleksey Kudrin has said.
Russian c banker in court for abuse of office
RUSSIA - The Zamoskvoretskiy intermunicipal court in Moscow begins proceedings in the criminal case involving Aleksandr Alekseyev, deputy head of the Russian Central Bank's main territorial directorate for Moscow, ITAR-TASS reports.
Duma approves c bank management structure changes
RUSSIA - The State Duma, in debates on amendments to the Central Bank law in the second reading on Friday, voted to give the National Banking Council the powers of a management body at the Central Bank.
Russia's banks face 'health check'
RUSSIA - An inspection team from the International Monetary Fund (IMF) and the World Bank start work in Moscow on Wednesday on what is described as a "comprehensive health check-up" of Russia's shaky financial sector.
Russia's new central banker in TV interview
FEATURE - Bank deposits in Russia should be at least partially guaranteed by the state. In return, the banks should submit to tighter supervision and higher standards, which will increase public confidence in Russia's banks, the new chairman of Russia's…
IMF, World Bank mission to meet Russian c banker
RUSSIA - Officials of the International Monetary Fund and World Bank will arrive in Moscow next week to discuss the reform of Russia's banking sector with recently appointed central bank Chairman Sergei Ignatyev, a finance ministry official said Tuesday.
Gerashchenko stays with central bank
RUSSIA - Viktor Gerashchenko, former chairman of the Central Bank of Russia, plans to take the post of an economic adviser at the Scientific and Research Institute of the Bank of Russia reports Novecon.
Independence vital for Russia's central bank - PM
RUSSIA - Prime Minister Mikhail Kasyanov said the Central Bank of Russia must be independent.