17 June 2004 00:10
EBRD SUPPORTS CENTRAL BANK`S TIGHTENING SUPERVISION ON BANKING
The supervision will make the banking system more transparent,
Kaempfer said. All banks must comply with banking legislation if
confidence between market operators is to be built and a strong
ST. PETERSBURG. June 15 (Interfax) - The European Bank for Reconstruction and Development (EBRD) supports the Russian
Central Bank's efforts to tighten the supervision of the banking system in Russia, EBRD Vice-President for Finance
Steven Kaempfer told a St. Petersburg international economic conference on Tuesday.
financial sector is to be set up in Russia, he said.
[Interfax] |
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