The Chairman of the Bank of Russia Elvira Nabiullina on October 17, personally supervises the monetary policy of the Central Bank, reports “Interfax”.
On the redistribution of powers of the management with the Central Bank, it was announced on 3 October. “It became obvious that to solve the accumulated problems are not enough settings and the intensification of work within the existing Supervisory practices necessary deep restructuring of the supervision, updating the entire system”, – explained these decisions Nabiullina.
First Deputy Central Bank Chairman Dmitry Tulin, a former acting curator of the OST, is now responsible for the banking regulation and supervision.
In addition, Tulin coordinates and controls the activities of the service of risk analysis and oversees the work of Deputy chairmen of the Central Bank Vasily Pozdyshev and Vladimir Safronov, head of the chief inspection, Bank of Russia.
It is expected that soon Thulin will head the Committee of banking supervision, as previously reported in the Central Bank.
The other first Deputy Chairman of the Central Bank Alexey Simanovsky, previously involved in banking supervision, is appointed adviser to the Chairman. The Chairman of the Central Bank Mikhail Sukhov earlier this month lost his job, and, according to available information, in a short time he may be appointed Deputy Chairman of VTB, its tasks will include monitoring tax policy
In early October, the Russian Central Bank also announced that it will create three new departments: risk analysis (to assess the risks of banks and other associations), liquidation and recovery of financial institutions (all sectors), and the departments responsible for access to the market for credit and non-credit institutions will be merged.