FSB: Bank of Russia's financial stability mandate unclear
Peer review praises 'innovative' central bank but warns separate body is muddying regulatory waters
The Financial Stability Board (FSB) has called on the Russian government to take legal steps that would give the Bank of Russia an "adequate" role in safeguarding the country's financial system.
The Bank of Russia has a financial stability mandate, but the central bank's exact tasks are unclear following the establishment of a separate financial stability committee, according to an FSB peer review on Russia, published today.
Warning against "potential overlaps" in responsibilities, the FSB says
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