Russia
Bank of Russia allows country’s largest bank to use IRB approach
Sberbank is first Russian bank to be allowed to use IRB
New Russian banknote provokes anger in Ukraine
Ukrainian central bank prohibits institutions from handling new note, which depicts scenes from Crimea region; design was chosen by the public in 2016
Bank of Russia will be able to handle fallout from failing banks, analysts say
Central bank puts two more banks into administration; observers disagree over effectiveness of Nabiullina’s reform efforts
Bank of Russia provides emergency liquidity to large commercial bank
Assistance to B&N Bank follows failure of country’s eighth-largest bank last month
Russian governor accuses failed bank owners of dishonesty
Owners of systemically important bank manipulated bond market, Elvira Nabiullina says, while owner of smaller institution used deposits for his own benefit
Emergency liquidity fund set up for stressed Russian banks
Move follows the Bank of Russia taking effective control of a systemically important lender
Russia could spend $7 billion on bailout – deputy governor
Commercial bank’s mismanagement of liquidity problem led to avoidable crisis – analyst
Russian central bank acts to save systemically important bank
Bank of Russia appoints administrators to country’s eighth-largest commercial bank
Russian central bank alleges criminal behaviour at several closed banks
Bank of Russia closes five banks and reports shortfalls or malpractice at four more
Bank of Russia removes licensing powers from regional offices
Observers differ over the effectiveness of the central bank’s efforts to clean up the banking system
Russian prosecutor clashes with central bank
Bank of Russia must take commercial bank out of administration, prosecutor says
Russian central bank reorganises senior personnel
First deputy governor will resign on September 1; responsibilities to be split among other board members
Bank of Russia takes over major commercial bank
Deputy governor says there is evidence of “misleading” reporting from Bank Jugra; depositors will be able to access their money from July 24
Russian central bank slams ruling in €1bn Sberbank swaps case
Lawyers say shock court judgement in ruble options dispute “puts hundreds of contracts at risk”
People: Fed appoints new CFO; Mishra returns to IMF after stint at RBI
Fed chooses Ricardo Aguilera as new CFO; Prachi Mishra returns to the IMF; Bank of Russia appoints new head of resolution department
Russian central bank working closely with finance ministry, governor says
Nabiullina says two agencies are collaborating on draft laws on regulation
Central banks eye gold amid global uncertainty
Rising inflation and the unclear impact of Trump administration policies may lead reserve managers to view gold – and inflation-linked bonds – more favourably
North Korea linked to Bangladesh Bank heist
North Korean IP address used in theft, claims Russian cyber-security firm; hacker group Lazarus’ fascination with financial gain “relatively new”
Bank of Finland publishes China and Russia forecasts
Chinese targets “encourage data manipulation”; Russia stalls on structural reforms
People: Russia’s Elvira Nabiullina reappointed; SBV creates fintech group
Governor of the Bank of Russia handed a second term by Vladimir Putin; State Bank of Vietnam creates fintech committee; Haiti appoints fund director
Iran central bank slams latest asset freeze ruling
Luxembourg court freezes $1.6 billion of central bank assets amid terrorism compensation case; legal battle may have implications for Iran’s nuclear deal
Bank of Russia cuts policy rate
Elvira Nabiullina says Russia on course to hit 4% inflation target by year end
Russian central bank opens first overseas office in Beijing
Russian and Chinese authorities announce a collaboration on payment systems and money laundering prevention
Ukraine central bank proposes sanctions on Russian-owned banks
The move follows nationalist demonstrations against the central bank’s governor, Valeria Gontareva