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Date: 3 months ago   Category: Russia

The Central Bank has removed most unfair and weak banks from the market


The Central Bank has removed most unfair and weak banks from the market
The head of the Central Bank of the Russian Federation Elvira Nabiullina in the video message has pointed to decrease in overwhelming number of weak and unfair banks in Russia. The video message has been shot for a forum of Association of banks of Russia. The head of the Central Bank of the Russian Federation has emphasized that such step "gives an impulse to development of the healthy competition". In the market only the large financial organizations and banks which have support of the state remain to compete. Nabyullina has noted that such structure "disturbs participants of the banking sector". The economist has specified that use and development of technologies will also strongly influence the competition in the market. According to her, the regulator is interested in use of financial technologies by all participants of the financial sphere. The politician says that for such opportunity "creation of infrastructure of the digital finance available to all participants of the financial market is very important". Carrying out such rather tough policy promotes a raising of level of credibility of the population. In turn, it will help to stabilize an economic situation in Russia. Last year more than 50 banks were left without licenses. There has taken place modification of the mechanism which promotes financial improvement of the financial organizations. The XVI International bank forum "Banks of Russia — the 21st Century" for which organization the Association of banks of Russia is responsible takes place in Sochi from September 5 to September 8 the current year. The action is created with assistance of the International Monetary Fund and the World Bank. At a forum current problems of the banking sector of Russia and influence of global economic changes on the country will rise. In "Banks of Russia — the 21st century" take part heads of the Bank of Russia and the federal ministries, members of the Federation Council and deputies of the State Duma, representatives of the largest international banks.
of fapnews of Vlad Nekrasov Today, 13:00 0

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