Putin instructed the Central Bank to submit proposals for the development of finrynka

Путин поручил Центробанку представить предложения по развитию финрынка

Russian President Vladimir Putin instructed the Bank of Russia and the Cabinet of Ministers to submit proposals on the development of the financial market, including the implementation of a differentiated approach to the regulation of banks, published on the Kremlin website, the President’s instructions.

“The Central Bank of the Russian Federation jointly with the Russian government in order to stimulate economic growth to prepare, taking into account international experience and to submit proposals for the development of the financial market, providing including: the implementation of a differentiated approach to the regulation of banks”, — stated in the order.

In addition, the regulator should consider in its proposal measures to create conditions for attracting financial resources at the disposal of the non-credit financial organizations in the real sector of the Russian economy.

The period of execution of instructions is March 1, 2017.

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