Central Bank of Russia

(redirected from Central Bank of the Russian Federation)
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Central Bank of Russia

The central bank of Russia. The Russian constitution charges the Central Bank with maintaining the stability of the Russian ruble. It sets interest rates for interbank loans in Russia and also regulates the banking industry. It was established in 1990, but traces its origins to the central bank of the Russian Empire in the mid-1800s.
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The SBP has signed a Memorandum of Understanding as an important milestone on bilateral central banking cooperation with the Central Bank of the Russian Federation (CBRF).
The Bank of Russia took such an extreme measure revocation of the banking licence because of the credit institutions failure to comply with federal banking laws and Bank of Russia regulations, inability to satisfy its creditors claims on monetary liabilities, and taking into account the repeated application within a year of measures envisaged by the Federal Law On the Central Bank of the Russian Federation (Bank of Russia).
The Bank of Russia took such an extreme measure revocation of the banking licence due to the credit institutions failure to comply with federal banking laws and Bank of Russia regulations, repeated violations within a year of requirements, stipulated in Article 7, except for clause 3, Article 7, of the Federal Law On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism, and the application of measures envisaged by the Federal Law On the Central Bank of the Russian Federation (Bank of Russia), considering a real threat to the creditors and depositors interests.
2 of the Federal Law On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism, as well as requirements of Bank of Russia regulations and the application of measures envisaged by the Federal Law On the Central Bank of the Russian Federation (Bank of Russia), and considering the existence of a real threat to the interests of its creditors and depositors.
Open Competition: The Selection Of The Auditing Organization In Order To Conclude An Agreement On Mandatory Annual Audit Of Joint Stock Company Russian Commercial And Industrial Bank For 2016 Fiscal Year In Accordance With The Requirements Of The Russian Legislation In The Field Of Accounting In Accordance With The Requirements And Recommendations Of The Central Bank Of The Russian Federation And The International Accounting Standards Reporting With The Requirements Of The Tender Documentation.
On 22 October 2015, the VTB Supervisory Council elected Maxim Kondratenko a member of the Management Board of VTB Bank as of the date of his approval by the Central Bank of the Russian Federation.
Oleg Ganeev will take office following approval from the Moscow Main Territorial Department of the Central Bank of the Russian Federation.
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