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Thursday, July 20, 2017

Ulyukayev called the strengthening of the oversight unit of the Central Bank a good idea


A good idea to consider strengthening the Supervisory unit of the Bank of Russia Alexei Ulyukayev. The Minister of economic development believes that now would be a strengthened quality control over the execution of decisions.

“The problem we have is that we have a very high quality of regulation, but lack of quality in the execution control. For this you need a very good understanding of the banks ‘ balance sheets and track their work in real time. I hope that now the Supervisory Bank, the Bank of Russia will do just that,” said the Minister of economic development told reporters.

source

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