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Russia

FATF to look at Russian banks

The Financial Action Task Force (FATF), an inter-governmental anti money laundering body, plans to carry out a large-scale check on the Russian banking system in April 2007, Russian Central Bank deputy chairman Viktor Melnikov said earlier this week.

Russian people keep $30bn

The Central Bank of Russia has evaluated the volume of hard currency accumulated by residents at $20 billion to $30b, central bank chairman Sergei Ignatyev told a session at the State Duma.

Comment: Russia's reserve management

At a time when Russia's official foreign reserves have risen sharply due largely to increased revenues from oil exports, the Central Bank of Russia (CBR) has been remarkably transparent how it manages these reserves.

Russian central banker charged with taking bribe

The Moscow prosecutor's office has indicted the deputy chief of the Federal Tax Service lending institutions department and a Russian central bank official for large-scale bribery, according to Interfax and other reports this week.

Joint Eurosystem - Bank of Russia seminar

The Eurosystem - the European Central Bank and the national central banks of the euro area - and the Bank of Russia are holding their second joint seminar, which takes place from 12 to 14 October in Saint Petersburg.

Russia won't increase euro reserves

The Central Bank of Russia is not planning to increase the euro share in the country's gold and currency reserves and bi-currency basket, the first deputy bank chairman said Tuesday 13 September.

Paper on bank supervision Russian style

The Working Paper "Bank supervision Russian style: Rules vs enforcement and tacit objectives" from Ghent University published May 2005 focuses on the conflict between two central bank objectives, namely individual bank stability and systemic stability.

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