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Friday, October 28, 2016

The former Chairman of the Central Bank Aleksashenko, the Central Bank accused in impotence

Former first Deputy Chairman of the Central Bank Sergey Aleksashenko, in his blog on “echo of Moscow” commented another revocation of license by the Central Bank: this time has affected investors Krossinvestbanka.

photo: Natalia Muslinkina

According to Aleksashenko, in this example, “there is another failure of banking supervision, as customer deposits, the Bank is not even designed properly. The economist explained that earlier investors could be confident in the return of money through the Agency for Deposit insurance, which could not claim any right to the work of the Central Bank, however, will now not be able to count on is just not listed as contributors.

Aleksashenko noted that the banking supervision in the Central Bank delivered very poorly: the ASV, which in any case will pay the deposits to 1.4 million rubles to the customers, just forcing the state to include the printing press, as a private he had no money.

Read, as the Finance Ministry has proposed to rescue troubled banks.

However, the economist States, the Central Bank “either cannot or does not want to perform the function entrusted to it by law, is to provide adequate oversight of Russian banks.” In this regard, says ex-Deputy Chairman, at any time may collapse any Bank, and the private state will not be saved. And given today’s story of the “Grossinvestments”, you may find that the money their clients are not immune.

To such situations and leads, according to Aleksashenko, “the impotence” of the Central Bank, offering drowning to rescue ourselves.

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