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In the 21st century, the Russian banking system still needs
to be made consistent with international banking norms.
The Government has taken steps to encourage regulation
and supervision while introducing deposit insurance. Reforms
include adopting Basel Committee norms, higher capital adequacy
standards, and internationally accepted risk management
tools.
The Russian Government’s goal to create business
opportunities for banks by enabling loan syndication, allowing
for financial innovation, and eliminating unnecessary reporting
burdens is underway.
The Government also seeks to expand credit in underserved
regions and sectors such as small business by removing administrative
barriers to bank expansion and through legal and regulatory
incentives.
Press
BBC Monitoring International Reports
FOREIGN
INVESTORS RECOMMEND TRANSPARENCY IN RUSSIA'S ECONOMY
September 27, 2004
Representatives of the largest
foreign investment companies urge the Russian government
to strengthen control over the leadership and owners of
banks in Russia, improve bank merger procedures and to more
closely control banks' liquidity.
The Russian Business Monitor
AN
UNPRECEDENTED MERGER PREPARED ON THE RUSSIAN BANKING MARKET
September 24, 2004
UralSib Bank plans to merge with
four other Russian banks, including Bryansk People’s
Bank, saying that “it is simpler to manage banking
business and watch all risks from one center.” The
aggregate assets of these banks amount to 15.3 billion Rubles,
putting the proposed superbank in fifth place among Russian
banks.
ARMINFO NEWS AGENCY
UNIASTRUMBANK
ONE OF MOST RELIABLE RUSSIAN BANKS
September 4, 2004
Legislation
Banking law
Contact
Regulatory contacts
Central Bank of the Russian Federation
Neglinnaya 12
103016 Moscow
Russian Federation
Tel: 7 095 9 217 995
Fax: 7 095 9 219 147
Web: http://www.cbr.ru
E-mail: webmaster@cbr.ru
NGO, Academic and Government Contacts
Elena Tchepel
Teaching Staff
Criminal Law Chair’s Office
Nizhny Novgorod State University
Gagarina Street, 23
Russian, Niznhy Novgorod
Tel: (8312) 65 95 16
Klimov Sergey
Head Manager
Bank Menatep S. Petersburg
Branch Office, Ryazan
Gorky St. 102
Russia 390000, Ryazan
Tel/Telex: (0912) 20-55-59
e-mail: Klimov.Sergey@ryazan.menatepspb.com
Elena Golishnikova
International Relations Department
Perm City Administration
23, Lenina St.
Perm 614000
Russia
Tel: (3422) 12 44 01
Fax: (3422) 34 94 91
e-mail: oms3gor@perm.permregion.ru
Galina V. Biryukova
Financial Director
Department for Local Government and Intl. Relations
Tomsk City Administration
3 Frunse pr. Office 6
634050, Tomsk, Russia
Tel: 7(382-2)52 69 25
Fax: 7(382-2)52 68 62
e-mail: biryukova@admin.tomsk.ru
Valentina V. Filonenko
Chief Expert, Division of International Organizations
Ministry of Economic Development and Foreign Relations of
the Khabarovsk Territory
Dept. of Foreign Economic Relations and Tourism
72 Frunze Street, Khabarovsk
680002, Russia
Tel: +7 (4212) 30-63-83
Fax: +7 (4212) 32-76-03
e-mail: vnesh@adm.khv.ru
website:
www.adm.khv.ru
website: www.mcpec.fareast.ru
Nikolay V. Vyzovik
Head of Municipal Education
Administration of the Municipal Education
Yacovlevky Territory
Primorye Region
Yacovlevka,
Primorye region, Russia
Tel: (42371) 91-048, 91-035
Tel: (home) (42371) 97-5-45
Konstantin Mikhaylov
Master of Law
Assistant Professor of a chair of criminal law
Chelyabinsk Law Enforcement Institute
Ministry of Internal Affairs, Russia
454081, 41, Libedinskiy st., Chelyabinsk
Tel: +7 (3512) 72-39-88
Fax: +7 (3512) 72-22-22
e-mail: ugpravo@chelurid.ru
Oleg G. Adabashian
Head of Staff
Moscow City Duma (Council)
22, Petrovka St.
Moscow, 127994,
Russia
Tel: (7-095) 753 71 80, 928 31 05
Fax: (7-095) 923 39 31
e-mail: agog@duma.mos.ru
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Russia