Bank of Russia sets up two new regulatory departments
Responsibilities include administration regimes, managers’ qualifications and external audit
Russia's central bank has established two new departments to tackle specific regulatory and supervisory tasks, it announced on February 7.
The Bank of Russia said it was establishing one department for "corporate relations" and another for "market access and activity termination of financial institutions". Both departments will have key responsibilities in the central bank's continuing effort to improve the quality of Russian financial institutions. An updated organisational chart shows both
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