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.