11 June 2004 04:44
Ignatyev upbeat about Russia`s banking system (Part 2)
MOSCOW. June 11 (Interfax) - Central Bank Chairman Sergei Ignatyev said he feels positive about the situation in the
Russian banking system.
"Audits are currently been conducted in commercial banks, on the
basis of which decisions will be made on their access to the [bank
"I believe our banking system is healthy. It's stronger than it was several years ago, including thanks to
the banking regulation measures that have recently been taken by the Central Bank," Ignatyev told President
Vladimir Putin on Friday.
"We have to take tough measures," he said, recalling that one
Moscow bank had its license revoked for violating legislation. He
deposit] insurance system," he said.
"I think the majority of the banks that have expressed a wish to take part in this system will be accepted into
it," he said.
The Central Bank "has done a lot of work to prevent money laundering, including in the banking system,"
Ignatyev said.
admitted that this "affected the mood of Moscow bankers and created some tensions on the Moscow inter-bank
credit market."
this form of protection from the Central Bank's actions aimed at
[ensuring the] observance of legislation and preventing money
Ignatyev assured the president that the Central Bank has the situation under control. "There are no real reasons
for nervousness; there are purely psychological reasons," he said.
He said the Central Bank's board today "made some decisions to calm the situation."
Putin inquired about whether such tensions in the banking sector "could be specifically provoked by structures
that specifically chose
laundering."
Ignatyev replied: "I don't know. But such ideas come to mind." [RU EEU EUROPE ASIA EMRG FIN] av tl
[Interfax] |
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